Is ZIP 11501, NY 11501 a buyer’s or seller’s market?
ZIP 11501 is a seller’s market. With about 1.9 months of supply and 34% of homes selling above list, expect competing offers on well-priced homes. Buyers here typically need a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply1.9Under 4 months = seller’s market
Sold above list33.9%Share of recent sales
Median sale-to-list100.3%Sold price ÷ list price
Median days on market31Listing to accepted offer
Median price per sq ft$522▲ +5.1% vs. last year
Run the numbers for 11501
Nearby markets
ZIP 11001 11001Seller’s market $563 /sq ftZIP 11003 11003Seller’s market $555 /sq ftZIP 11010 11010Seller’s market $609 /sq ftZIP 11020 11020Balanced $750 /sq ft Browse all markets →Market data describes housing activity only.