$6,519 Closing Credit*
$549,000
1,152 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Douglas Elliman Real Estate
Is 11961, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 11961 was a Seller's Market.
Key Takeaway
11961 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 11961, NY
How much do homes in 11961, NY cost?
Median Sold Price
$425,000
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+7.6%)
Key Takeaway
Homes in 11961 have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in 11961 was $425,000 in October 2024, up 7.6% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217.4K | $233.5K | +7.4% |
| 2 Bedrooms | $360K | $381.2K | +5.9% |
| 3 Bedrooms | $449K | $505.5K | +12.6% |
| 4 Bedrooms | $577.5K | $582.5K | +0.9% |
| 5+ Bedrooms | $652.5K | $665K | +1.9% |
Summary: 11961 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 1.9%.
Housing Supply in 11961, NY
How many homes are available in 11961, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 97 | 103 | +6.2% |
Summary: The 11961 real estate market had 103 homes for sale in October 2024, a 6.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 7 | -22.2% |
| 2 Bedrooms | 51 | 58 | +13.7% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 11961 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 13.7%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 15 | -25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11961, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 11961 in October 2024, down by 25.0% month-over-month. Of the 15 sold homes, 47% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for 11961, NY
How long does it take to sell a home in 11961, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 40 Days | +12.3% |
Summary: Homes in 11961 had an average of 40 days on market in Oct 2024, up by 12.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 11961 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in 11961; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.