Is 10462, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10462 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 10462 was a Seller's Market.

Key Takeaway

10462 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 10462, NY

How much do homes in 10462, NY cost?

Median Sold Price

$248,500

$319/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,500(+10.4%)

Key Takeaway

Homes in 10462 have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in 10462 was $248,500 in October 2024, up 10.4% from last year, and the median price per square foot was $319.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $180K$200K
+11.1%
2 $245K$265K
+8.2%
3 $560K$339.5K
-39.4%
4 $679K$840K
+23.7%
5+ $920K$928K
+0.9%

Summary: 10462 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 8.2%, 3 bedroom homes decreased by 39.4%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 0.9%.

Median Sold Price Compared To Nearby Zip Codes

10462
+10.4%
10461
+1.6%
10473
+0.9%

Housing Supply in 10462, NY

How many homes are available in 10462, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
144150+4.2%

Summary: The 10462 real estate market had 150 homes for sale in October 2024, a 4.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 5255
+5.8%
2 4039
-2.5%
3 1420
+42.9%
4 96
-33.3%
5+ 2930
+3.4%

Summary: The 10462 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.8%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 3.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
18180.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10462, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 10462 in October 2024, the same as the previous month. Of the 18 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% were sold over asking.

Days on Market for 10462, NY

How long does it take to sell a home in 10462, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
65 Days59 Days-9.9%

Summary: Homes in 10462 had an average of 59 days on market in Oct 2024, down by 9.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 10462 has remained consistent over time.

Summary: During October 2024, 18 homes were sold in 10462; 22% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in 10462, NY

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