Real Estate Market Update for 11559 (Lawrence, NY)

Video: Real Estate Community Tour for 11559 (Lawrence, NY)

See Real estate community tour for 11559 (Lawrence, NY)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was down 44% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just under 850-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 7%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 590-thousand dollars. The number of units sold decreased 25% year-over-year, and increased 50% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 11559 (Lawrence, NY)
Area Information for 11559 (Lawrence, NY)
  • Population: 8,397
  • Median Age: 35.8 yr
  • Median Commute Time: 37 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 2,019/sq mi
  • Population Change Since 2000: 4.14%
  • Closest Airport: John F Kennedy International
  • Closest College: Shor Yoshuv Institute
  • Closest Jr. College: Business Informatics Center
  • Median Household Income: $113,775
  • Annual Residential Turnover: 5%
  • Median Home Sales Price: $831,300
  • Closest Major Sports Team: New York Mets
  • Change Avg. Household Income Since 2000: 18.03%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 11559 (Lawrence, NY)
Median Age: 35.8 Married: 48% Number of Households: 2,640 Households with Children: 1,011
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 11559 (Lawrence, NY)

      School Name Distance Type Grades School Rating Parent Rating
      Mesivta Ateres Yaakov 0.6 mi Private 9-12 0 0
      Rambam Mesivta-maimonides High School 1.1 mi Private 9-12 0 0
      The Brandeis School 1.1 mi Private PRESCHOOL-8 0 0
      Hebrew Academy Of Five Towns & Rockaway Middle School 1.2 mi Private 6-8 0 0
      Hebrew Academy Of Five Towns & Rockaway Lower School 1.2 mi Private PRESCHOOL-12 0 0
      Lawrence Elementary School At Broadway Campus 1.2 mi Public 1-4 3 0
      Lawrence Middle School 1.3 mi Public 2-8 2 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 11559 (Lawrence, NY)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.