11516Cedarhurst, NY Housing Market
$752,375median sale price
The 11516 zip code, located in Cedarhurst, NY, is currently classified as a leaning buyer's. The median sale price stands at $752,375, representing a -23.2% change year over year. Homes in this area spend an average of 102 days on the market before going under contract. There are currently 12 active listings in the area, which influences how much negotiating power buyers and sellers have.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 11516 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
12
Last 12 weeks
Days on market
102
Average pace
Active listings
12
Sale-to-list
96.6%
Below asking
Market trends
Market analysis for 11516
The 11516 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 96.6% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 11516 have declined -23.2% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 11516 stands at $1.19M, which represents Zillow's estimate of the typical home value in the area. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
8,450
Median income
$98,333/yr
Median age
36.5 years
Owner-occupied
70.3%
College grads
45.2%
Avg commute
38 min
Living in 11516
Zip code 11516 is home to approximately 8,450 residents. The median household income is $98,333 per year, which shapes the types of homes and amenities available in the area. With a median age of 36.5 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 70.3% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 45.2% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 38 minutes, which is above the national average and may reflect a suburban or exurban setting where residents trade commute time for more affordable housing or larger lots. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 11516.
Frequently asked questions about 11516
What is the median home price in 11516?
The current median sale price in 11516 is $752,375, based on recent Redfin transaction data. Prices have changed -23.2% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 11516 a buyer's or seller's market?
The 11516 zip code is currently classified as a leaning buyer's. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 11516?
Zip code 11516 has a population of approximately 8,450 residents. The median household income is $98,333 per year. About 70.3% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 11516?
Properties Incorporated provides comprehensive data for 11516 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 11516 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually. Visit our data sources page to learn more about our data methodology and update schedules.
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