Is 10470, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10470 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 10470 was a Neutral Market.

Key Takeaway

10470 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 10470, NY

How much do homes in 10470, NY cost?

Median Sold Price

$575,000

$316/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$40,000(-6.5%)

Key Takeaway

Homes in 10470 have sold for 6.5% less than they did a year ago.

Summary: The median home sold price in 10470 was $575,000 in October 2024, down 6.5% from last year, and the median price per square foot was $316.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $162K$169K
+4.3%
2 $209.9K$251K
+19.5%
3 $617.5K$605K
-2.0%
4 $670K$650K
-3.0%
5+ $832K$837.5K
+0.7%

Summary: 10470 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 19.5%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 0.7%.

Median Sold Price Compared To Nearby Zip Codes

10704
+10.4%
10466
+9.5%
10550
+1.2%
10470
-6.5%

Housing Supply in 10470, NY

How many homes are available in 10470, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
44440.0%

Summary: The 10470 real estate market had 44 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1312
-7.7%
2 98
-11.1%
3 24
+100.0%
4 1011
+10.0%
5+ 109
-10.0%

Summary: The 10470 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10470, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 10470 in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 10470, NY

How long does it take to sell a home in 10470, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days20 Days-2.4%

Summary: Homes in 10470 had an average of 20 days on market in Oct 2024, down by 2.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 10470 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 10470; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in 10470, NY

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