Price Cuts Bottom in 11797 Zip Code Real Estate Market

A five-week negative trend in the number of homes sold was extended this week after the 11797 zip code market had eight transactions over the last 30 days. With nine price reductions, the lowest amount since April, the market may be shedding discounts. During the same time frame, 11743 had the most of any other neighboring zip codes with 82 price reductions. The median sales price dropped to $837,500 over the latest reporting period for the 11797 zip code, down from $850,000. Despite the uptick in sales, there are still eight months of inventory left to work through, meaning the 11797 zip code is still a definite buyer's market.

If you're looking for a large number of bathrooms, take a look at these three homes in the 11797 zip code that offer the most of all available listings:

$1.9M   $1.8M   $1.3M  

Get started right now by checking out 11797 homes for sale or reviewing 11797 real estate trends.

Demographic facts about the 11797 zip code:

  • The median value of all homes is $693,500.
  • The area gets an average of 119 rainy days each year. (U.S. average: 100)
  • The unemployment rate for this area is 6.4%.
  • The student-to-teacher ratio is 13.7:1. (15.3:1 = national average)

Data reported through 10/13/2016


Ask a local expert about this area:
Signature Premier Properties
Snapped 1 home in this area
Majestic Homes & Estates LLC
Snapped 11 homes in this area
Douglas Elliman Real Estate
Snapped 3 homes in this area

Agents that specialize in this area
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