Real Estate Market Update for 11566 (Merrick, NY)

Video: Real Estate Community Tour for 11566 (Merrick, NY)

See Real estate community tour for 11566 (Merrick, NY)
Welcome to December's Market Update. Let’s take a look at residential real-estate activity in your area during the month of November. The number of active listings was down 26% from one year earlier, and down 1% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 620-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 27%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 510-thousand dollars. The number of units sold increased 61% year-over-year, and decreased 15% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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.
Show Transcript
Map Information for 11566 (Merrick, NY)
Area Information for 11566 (Merrick, NY)
  • Population: 35,269
  • Median Age: 44.17 yr
  • Median Commute Time: 34 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 6,468/sq mi
  • Population Change Since 2000: -.82%
  • Closest Airport: John F Kennedy International
  • Closest College: Hofstra University
  • Closest Jr. College: Nassau Community College
  • Median Household Income: $124,808
  • Annual Residential Turnover: 3%
  • Median Home Sales Price: $467,500
  • Closest Major Sports Team: New York Mets
  • Change Avg. Household Income Since 2000: 46.89%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 11566 (Merrick, NY)
Median Age: 44.17 Married: 51% Number of Households: 11,798 Households with Children: 4,420
    • 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 11566 (Merrick, NY)

      School Name Distance Type Grades School Rating Parent Rating
      Grace Christian Academy 0.1 mi Private K-12 0 0
      Chatterton School 0.2 mi Public K-6 5 0
      Merrick Avenue Middle School 0.4 mi Public 7-8 4 0
      Merokee Day School 0.5 mi Private PRESCHOOL-K 0 0
      South Shore Montessori School 0.5 mi Private PRESCHOOL-3 0 0
      Sanford H Calhoun High School 0.6 mi Public 9-12 4 3
      Camp Avenue School 0.6 mi Public K-6 4 0
      Birch School 0.9 mi Public K-6 5 0
      Norman J Levy Lakeside School 1.0 mi Public K-6 5 0
      Park Avenue School 1.0 mi Public K-6 4 0
      Progressive School Of Long Island 1.2 mi Private K-8 0 0
      Old Mill Road School 1.4 mi Public K-6 4 0
      Merrick Woods 2.0 mi Private PRESCHOOL-K 0 0
      Harold D Fayette School 2.0 mi Public K-6 4 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 School Review data by
      Local Weather for 11566 (Merrick, 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.