$395,000
0.13 Acres
Land
Listing Office: Compass Greater NY LLC
Is 11971, 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, 11971 was a Seller's Market.
Key Takeaway
11971 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11971, NY
How much do homes in 11971, NY cost?
Median Sold Price
$999,025
$545/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$276(0.0%)
Key Takeaway
The sold price of homes in 11971 has remained the same since last year.
Summary: The median home sold price in 11971 was $999,025 in October 2024, the same as last year, and the median price per square foot was $545.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $575K | $790K | +37.4% |
| 2 Bedrooms | $712.5K | $557.5K | -21.8% |
| 3 Bedrooms | $947.5K | $940K | -0.8% |
| 4 Bedrooms | $1.3M | $1.1M | -11.5% |
| 5+ Bedrooms | $2.6M | $3.1M | +17.0% |
Summary: 11971 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.4%, 2 bedroom homes decreased by 21.8%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes increased by 17%.
Median Sold Price Compared To Nearby Zip Codes
| 11944 | $906.5K | $965K | +6.5% |
| 11971 | $998.7K | $999K | 0.0% |
Housing Supply in 11971, NY
How many homes are available in 11971, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 77 | +1.3% |
Summary: The 11971 real estate market had 77 homes for sale in October 2024, a 1.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 27 | 28 | +3.7% |
| 4 Bedrooms | 24 | 26 | +8.3% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The 11971 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 3.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 11971, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 11971 in October 2024, down by 12.5% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for 11971, NY
How long does it take to sell a home in 11971, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 55 Days | 127 Days | +128.2% |
Summary: Homes in 11971 had an average of 127 days on market in Oct 2024, up by 128.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 11971 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 7 homes were sold in 11971; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 57% 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.