Price Cuts Bottom in 11716 Zip Code Real Estate Market

There were six homes sold in the 11716 zip code market over the last 30 days, continuing a three-week downturn. During the same period, the number of price reductions fell to their lowest level since July at 10. In comparison, 11772 led all other nearby zip codes with 35 price reductions. Prices are rising in the 11716 zip code, and the median sales price this period increased from $315,000 to $331,000. Even after the uptick in sales, an elevated eight months of inventory tells us that the 11716 zip code is still a definite buyer's market.

If a home with lots of bedrooms is what you want, then be sure to go see these listings in the 11716 zip code:

$359K   $549K   $339K  

Get started right now by checking out 11716 homes for sale or reviewing 11716 real estate trends.

Demographic facts about the 11716 zip code:

  • The average age of the population is 42 years old.
  • The area's health cost index score is 111.2. (100 = national average)
  • The commute times can range from: <15 min (29.9%), 15-29 min (28.7%), 30-44 min (19.9%), 45-59 min (8.2%), >60 min (13.3%).

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Douglas Elliman Real Estate
Snapped 1 home in this area

©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.