Name: Sold Above List Price — ZIP 11747 All Residential, March 31, 2026
Creator: Range Ranger
Published: 2026-03-31
License: https://redfin.com/news/data-center

Question 1

What share of homes in Melville (11747) sold above asking price?

Accepted Answer

In ZIP 11747, 41.4% of All Residential homes sold above the listed asking price for the 90-day period ending 2026-03-31, based on Redfin closed sale data.

Question 2

What does the sold-above-list rate in 11747 mean for sellers?

Accepted Answer

A sold-above-list rate of 41.4% means that share of All Residential buyers in ZIP 11747 paid more than the listed price to close the transaction, based on closed sales in the 90-day period ending 2026-03-31. This reflects recorded buyer competition — not estimates or projections.

Question 3

How is the sold-above-list rate in 11747 calculated?

Accepted Answer

The sold-above-list rate for ZIP 11747 counts the share of closed All Residential sale transactions where the final sale price exceeded the listed asking price, over the 90-day period ending 2026-03-31. It is derived from closed transaction data recorded by Redfin — not from list price estimates or pending sales.

Question 4

Is the sold-above-list rate in 11747 higher or lower than last year?

Accepted Answer

The share of All Residential homes in ZIP 11747 that sold above asking price is up 17.8 percentage points compared to the same 90-day period one year ago, as of March 31, 2026.

Question 5

How many homes does the sold-above-list rate in 11747 represent?

Accepted Answer

The sold-above-list rate of 41.4% is derived from 29 closed All Residential transactions in ZIP 11747 for the 90-day period ending 2026-03-31. Approximately 12 of those 29 homes closed above the listed asking price. Data source: Redfin.

Question 6

How does the sold-above-list rate in 11747 relate to the median list and sale price?

Accepted Answer

In ZIP 11747, 41.4% of All Residential homes sold above asking price, while the median closed at $280,001 above asking (median list: $869,999, median sale: $1,150,000) for the 90-day period ending 2026-03-31. Individual outcomes vary — the sold-above-list rate reflects the count of transactions, not the average dollar premium.

41.4% of homes in 11747 sold above asking price.