Is 11963, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11963 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 11963 has remained a Buyer's Market.

Key Takeaway

11963 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11963, NY

How much do homes in 11963, NY cost?

Median Sold Price

$4,275,000

$1,459/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$1,596,250(+59.6%)

Key Takeaway

Homes in 11963 have sold for 59.6% more than they did a month ago.

Summary: The median home sold price in 11963 was $4,275,000 in October 2024, up 59.6% from last month, and the median price per square foot was $1,459.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $770K-
N/A
3 -$1.8M
N/A
4 -$6.5M
N/A
5+ $4.5M$6.3M
+38.4%

Summary: 11963 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 38.4%.

Housing Supply in 11963, NY

How many homes are available in 11963, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5257+9.6%

Summary: The 11963 real estate market had 57 homes for sale in October 2024, a 9.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1316
+23.1%
4 1720
+17.6%
5+ 2120
-4.8%

Summary: The 11963 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 4.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11963, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 11963 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 11963, NY

How long does it take to sell a home in 11963, NY?

Average Sale Time

Sep 2024Oct 2024CHANGE
152 Days89 Days-41.3%

Summary: Homes in 11963 had an average of 89 days on market in Oct 2024, down by 41.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 11963 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 4 homes were sold in 11963; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 11963, NY

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