11784, Selden, NY

The Selden home equity and home prices in the 11784 zip code are reflective of the overall market conditions in this area. The median home value in this zip code is $158,000, which is lower than the statewide median home value of $269,900. However, when compared to other nearby zip codes, Selden's median home value is relatively high. The average home value in the 11784 zip code is $122,500 which is lower than the statewide average of $157,200.

There are a number of factors that could contribute to Selden's higher than average home values. First and foremost, Selden has a high concentration of affluent residents who may be more likely to invest in property assets. Additionally, many homeowners in this area have chosen to keep their homes relatively unchanged for many years which may also contribute to their elevated values. Finally, there are limited opportunities for new development within Selden which could keep demand high for existing homes.

Despite these positive factors, there are some indications that market conditions may be shifting towards lower prices in the near future. For example, recent trends show that sales volumes have been decreasing throughout much of Suffolk County - including Selden - over the past several months. If this trend continues it could lead to a decrease in available homes for sale and consequently a decrease in prices across all housing types within the area.