Remsenburg, NY 11960 Real Estate Market Report

ZIP Code: 11960
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

---

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

---

Property Taxes

---

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

---

Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Remsenburg, NY, average approximately 6.30%, reflecting a market where rates have fluctuated significantly throughout 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. 1,685,000 is the median sold price and therefore the primary indicator of recent market value; with the price year-over-year trend marked as down, this median sold price suggests recent transaction values are softening and sellers should expect increased negotiation pressure.

2. There is a notable spread between the median listing price of 2,775,000 and the median sold price of 1,685,000, which may indicate pricing friction between seller expectations and achieved transaction prices; sellers should consider more competitive pricing or enhanced marketing to bridge the gap.

3. The median days on market at 412 points to slower transaction velocity and reduced liquidity; agents and sellers should account for extended marketing timelines and may need to stage, price, or incentivize listings to accelerate sales.

4. Market fundamentals show a high median price per square foot of 736 alongside a median market rent of 6,000 while interest rate pressure is described as elevated (current 30-year fixed rates around 6.30%); combined with the rent year-over-year trend down, this suggests increased carrying cost sensitivity for buyers and warrants cautious underwriting for investor and owner-occupier purchases.

---

Notable Properties

The following 7 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.