11940 Zip Code Real Estate Market Sees Price Cuts Record

An eight-week downturn in sales was extended when the 11940 zip code market saw two more homes change hands over the last 30 days. With that, price reductions have increased significantly as well, reaching their highest level since July at 14. In comparison, the 11967 zip code had 58 price reductions in the same time frame, the most of all nearby zip codes. The median sales price dropped to $318,000, down from last week's $340,000. With decreasing sales and the availability of 31 months of inventory, the 11940 zip code is a definite buyer's market.

Price reductions for these listings in the 11940 zip code make it a perfect time to take a look:

$1.5M   $695K   $699K  

Get started right now by checking out 11940 homes for sale or reviewing 11940 real estate trends.

Demographic facts about the 11940 zip code:

  • The rating for this area for population growth is 51. (Scale: 1 = Worst, 100 = Best)
  • You can expect to pay property taxes at a rate of $26.26/$1,000.
  • People in this area have a commute time breakdown of: <15 min (24.6%), 15-29 min (30.6%), 30-44 min (20.0%), 45-59 min (10.6%), >60 min (14.2%).

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Hampton Estates Realty Llc
Snapped 1 home in this area
Douglas Elliman Real Estate
Snapped 1 home in this area
Laffey Real Estate
Snapped 1 home in this area

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