Is ZIP 11516, NY 11516 a buyer’s or seller’s market?
ZIP 11516 is a buyer’s market. With about 7.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.
Months of supply7.5Under 4 months = seller’s market
Sold above list11.1%Share of recent sales
Median sale-to-list96.7%Sold price ÷ list price
Median days on market38Listing to accepted offer
Median price per sq ft$492▼ −10.2% vs. last year
Run the numbers for 11516
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.