11378 Housing Market Report December 2024•Queens County, New York

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Housing Prices in 11378, NY

How much do homes in 11378, NY cost?

Housing Market Conditions

Is 11378, 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

11378 is a Buyer's Market

Difference Since December 2023

At the same time last year, 11378 was a Seller's Market.

Insight

11378 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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.
$879,000$558/SqFt
-$3,500
-0.4%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in 11378 has remained the same since last year.

Summary: The median home sold price in 11378 was $879,000 in December 2024, down 0.4% from last year, and the median price per square foot was $558.

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
11377
+19.7%
11385
+8.3%
11379
+2.2%
11378
-0.4%

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 2023Dec 2024Change YoY
1$288K$430K
+49.3%
2$460K$744.5K
+61.8%
3$850K$860K
+1.2%
4$905K$987.5K
+9.1%
5$1.1M$1.2M
+13.6%

Summary: 11378 housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +49.3%. The home price for 2 bedroom homes increased by +61.8%. The home price for 3 bedroom homes increased by +1.2%. The home price for 4 bedroom homes increased by +9.1%. The home price for 5 bedroom homes increased by +13.6%.

Housing supply in 11378, NY

How many homes are available in 11378, 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
98Last MonthDec 2024
972 months agoNov 2024
+1.0 %
Change MoMNov – Dec

Summary: The 11378 real estate market had 98 homes for sale in Dec 2024, a 1.0 % increase compared to Nov 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
11Last MonthDec 2024
82 months agoNov 2024
+37.5 %
Change MoMNov – Dec

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.
BedsNov 2024Dec 2024Change MoM
154
-20.0%
21214
+16.7%
33131
0.0%
41417
+21.4%
53532
-8.6%

Summary: 11378 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -20.0%. The inventory for 2 bedroom homes increased by +16.7%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +21.4%. The inventory for 5 bedroom homes decreased by -8.6%.

Asking Price vs. Sold Price

How much do homes in 11378, 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 Price3 Homes

At Asking Price2 Homes

Under Asking Price6 Homes

Insight

If you're buying a home in 11378, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 11378 in December 2024, up by 37.5% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and and 27% were sold over asking.

Days on Market for 11378, NY

How long does it take to sell a home in 11378, NY?

Breakdown of Home Sale Times

Under 30 Days7 Homes

30 – 90 Days2 Homes

Over 90 Days1 Home

Insight

Many homes in 11378 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 11 homes were sold in 11378; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% 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.
This Year1 year agoChange YoY
25 DaysThis YearDec 2024
48 Days1 year agoDec 2023
-47.9 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in 11378 had an average listing age of 25 days in Dec 2024, down by 47.9% compared to the previous year.

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Newest Listings in 11378, NY

What homes are available in 11378, NY?

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MLS Disclaimers and Copyright

Based on information from OneKey MLS, Brooklyn MLS, and Real Estate Board of New York for the period 01/01/2023 - 01/01/2025

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

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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: 1/30/2025, 10:56:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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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: 1/30/2025, 11:55:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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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: 1/30/2025, 11:55:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.