11224 Housing Market Report January 2025•Kings County, New York

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Housing Prices in 11224, NY

How much do homes in 11224, NY cost?

Housing Market Conditions

Is 11224, NY a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

11224 is a Seller's Market

Difference Since December 2024

Last month, 11224 was a Buyer's Market.

Insight

11224 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$485,000$426/SqFt
+$141,000
+41.0%

Based on all homes sold in January 2025

Insight

Homes in 11224 have sold for 41% more than they did a month ago.

Summary: The median home sold price in 11224 was $485,000 in January 2025, up 41% from last month, and the median price per square foot was $426.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
11223
+57.8%
11224
+41.0%
11214
-11.1%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2024Jan 2025Change YoY
1$315K$300K
-4.8%
2$535K$395K
-26.2%
3$999.9K$672.5K
-32.7%
4-$678K
N/A
5-$900K
N/A

Summary: 11224 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -4.8%. The home price for 2 bedroom homes decreased by -26.2%. The home price for 3 bedroom homes decreased by -32.7%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in 11224, NY

How many homes are available in 11224, NY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
81Last MonthJan 2025
802 months agoDec 2024
+1.3 %
Change MoMDec – Jan

Summary: The 11224 real estate market had 81 homes for sale in Jan 2025, a 1.3 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
18Last MonthJan 2025
72 months agoDec 2024
+157.1 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
12219
-13.6%
21716
-5.9%
32021
+5.0%
445
+25.0%
51720
+17.6%

Summary: 11224 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -13.6%. The inventory for 2 bedroom homes decreased by -5.9%. The inventory for 3 bedroom homes increased by +5.0%. The inventory for 4 bedroom homes increased by +25.0%. The inventory for 5 bedroom homes increased by +17.6%.

Asking Price vs. Sold Price

How much do homes in 11224, NY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price4 Homes

At Asking Price3 Homes

Under Asking Price11 Homes

Insight

If you're buying a home in 11224, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 11224 in January 2025, up by 157.1% month-over-month. Of the 18 sold homes, 61% were sold under asking, 17% were sold at asking, and and 22% were sold over asking.

Days on Market for 11224, NY

How long does it take to sell a home in 11224, NY?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days9 Homes

Over 90 Days5 Homes

Insight

Avg time on Rocket Homes in 11224 has remained consistent over time.

Summary: During January 2025, 18 homes were sold in 11224; 6% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
83 DaysLast MonthJan 2025
112 Days1 month agoDec 2024
-25.4 %
Change MoMDec – Jan

Summary: Homes in 11224 had an average listing age of 83 days in Jan 2025, down by 25.4% compared to the previous month.

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Newest Listings in 11224, NY

What homes are available in 11224, NY?

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MLS Disclaimers and Copyright

Based on information from Brooklyn MLS, OneKey MLS, and Real Estate Board of New York for the period 12/01/2024 - 02/01/2025

IDX Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.

Copyright © 2025 Brooklyn Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 2/7/2025, 3:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDXThe 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.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 2/6/2025, 10:56:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX ©2025 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.

Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 2/7/2025, 3:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.