11417 Housing Market Report December 2024•Queens County, New York

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Housing Prices in 11417, NY

How much do homes in 11417, NY cost?

Housing Market Conditions

Is 11417, 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

11417 is a Buyer's Market

Difference Since December 2023

At the same time last year, 11417 was a Neutral Market.

Insight

11417 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.
$727,500$524/SqFt
-$7,500
-1.0%

Based on all homes sold in the last 12 months

Insight

Homes in 11417 have sold for 1% less than they did a year ago.

Summary: The median home sold price in 11417 was $727,500 in December 2024, down 1% from last year, and the median price per square foot was $524.

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
11414
+68.5%
11420
+4.7%
11417
-1.0%

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$332.5K$262K
-21.2%
2$530K$540K
+1.9%
3$675K$675K
0.0%
4$800K$820K
+2.5%
5$953.5K$995K
+4.4%

Summary: 11417 housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -21.2%. The home price for 2 bedroom homes increased by +1.9%. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes increased by +2.5%. The home price for 5 bedroom homes increased by +4.4%.

Housing supply in 11417, NY

How many homes are available in 11417, 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
102Last MonthDec 2024
1002 months agoNov 2024
+2.0 %
Change MoMNov – Dec

Summary: The 11417 real estate market had 102 homes for sale in Dec 2024, a 2.0 % 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
10Last MonthDec 2024
92 months agoNov 2024
+11.1 %
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
111
0.0%
21010
0.0%
33738
+2.7%
41315
+15.4%
53938
-2.6%

Summary: 11417 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +2.7%. The inventory for 4 bedroom homes increased by +15.4%. The inventory for 5 bedroom homes decreased by -2.6%.

Asking Price vs. Sold Price

How much do homes in 11417, 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 Price0 Home

Under Asking Price7 Homes

Insight

If you're buying a home in 11417, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 11417 in December 2024, up by 11.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 0% were sold at asking, and and 30% were sold over asking.

Days on Market for 11417, NY

How long does it take to sell a home in 11417, NY?

Breakdown of Home Sale Times

Under 30 Days4 Homes

30 – 90 Days1 Home

Over 90 Days5 Homes

Insight

Most homes in 11417 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 10 homes were sold in 11417; 40% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 50% 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
81 DaysThis YearDec 2024
35 Days1 year agoDec 2023
+127.6 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in 11417 had an average listing age of 81 days in Dec 2024, up by 127.6% compared to the previous year.

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Newest Listings in 11417, NY

What homes are available in 11417, NY?

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MLS Disclaimers and Copyright

Based on information from OneKey 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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Last updated on: 1/17/2025, 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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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.

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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: 1/16/2025, 2:31:10 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.