Is 11980, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11980 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 11980 was a Seller's Market.

Key Takeaway

11980 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11980, NY

How much do homes in 11980, NY cost?

Median Sold Price

$600,000

$343/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$195,000(+48.1%)

Key Takeaway

Homes in 11980 have sold for 48.1% more than they did a year ago.

Summary: The median home sold price in 11980 was $600,000 in November 2024, up 48.1% from last year, and the median price per square foot was $343.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $355K$659.5K
+85.8%
3 $415.5K$530K
+27.6%
4 $640.7K$682.5K
+6.5%
5+ $653K$600K
-8.1%

Summary: 11980 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 85.8%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 8.1%.

Median Sold Price Compared To Nearby Zip Codes

11980
+48.1%
11967
+16.3%
11763
+13.7%

Housing Supply in 11980, NY

How many homes are available in 11980, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4034-15.0%

Summary: The 11980 real estate market had 34 homes for sale in November 2024, a 15.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1614
-12.5%
3 1410
-28.6%
4 77
0.0%
5+ 33
0.0%

Summary: The 11980 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11980, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in 11980 in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 11980, NY

How long does it take to sell a home in 11980, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days108 Days+302.8%

Summary: Homes in 11980 had an average of 108 days on market in Nov 2024, up by 302.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 11980 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 4 homes were sold in 11980; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 11980, NY

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