11040 Home Values & Market Trends
There are 83 homes currently listed for 11040. 11040 real estate market trends show that home prices range from $525,000 to $4,595,000, and the median sales price in the 11040 zip code is $823,192.78. The total number of properties sold within the past twelve months is 408. In 11040, 93 properties are in foreclosure, 2 are bank owned properties,and 4 are headed for auction.
Housing Market Summary for 11040
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $814K | $818.2K | 0.52% |
| Median Sold Price | $770.5K | $818.2K | 6.20% |
| Homes For Sale | 42 | 69 | 64.29% |
| Homes Sold | 299 | 261 | -12.71% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
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Browse Homes in 11040
The median list price of a home in New Hyde Park, is $823,192.78. A total of 83 properties are for sale, and the percentage of properties for sale in the zip code is 83.00%. The total count of 11040 properties is 12,696.
- Pre-ForeclosurePre-foreclosure homes account for 0.69% of all residential properties in 11040 with new hyde park containing 86 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 11040; of that cities, the estimated home value for pre-foreclosure homes ranges from $1,811,369 in new hyde park to the lowest home value of $499,900 in new hyde park.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 11040 ranges from the highest value of $936,825 in new hyde park to the lowest value of $916,313 in new hyde park. Bank owned homes and properties account for 0.02% of properties in 11040. There is 1 cities within 11040; new hyde park containing 2 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsnew hyde park has 4 auction properties, the highest number of properties going to auction in a single city in the state of 11040. Auction homes and other auction properties account for 0.03% of all properties in 11040. There is 1 cities within 11040; of that cities, the median estimated home value for homes going to auction ranges from $1,075,359 in new hyde park to the lowest value of $702,858 in new hyde park.
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Guide for 11040
The real estate market in Syracuse, New York is experiencing a surge in property values and sale prices, with homes typically selling above their listed prices.
The Albany real estate market from April 2023 to March 2024 showed a clear positive trend, with rising property values and sale prices offset by fluctuating property counts.
Amid rapid fluctuations in the Rochester real estate sector, a steady increase in the average sale price per square foot has been observed from March 2023 to February 2024. Surrounding cities like East Rochester, Webster, Penfield, Spencerport, and West Henrietta have experienced unique trends, providing a diverse regional real estate climate.
New York City’s real estate market from August 2023 to January 2024 witnessed roughly an 8% increase in average property values, along with fluctuations in per square foot values and sold prices.