Is 10502, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10502 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 10502 has remained a Seller's Market.

Key Takeaway

10502 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 10502, NY

How much do homes in 10502, NY cost?

Median Sold Price

$875,444

$472/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,444(+0.9%)

Key Takeaway

Homes in 10502 have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in 10502 was $875,444 in November 2024, up 0.9% from last year, and the median price per square foot was $472.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $460K-
N/A
2 $620K$500K
-19.4%
3 $695K$845K
+21.6%
4 $992K$1.0M
+6.0%
5+ $1.8M$890K
-50.6%

Summary: 10502 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.4%, 3 bedroom homes increased by 21.6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 50.6%.

Median Sold Price Compared To Nearby Zip Codes

10530
+36.1%
10522
+15.1%
10706
+10.0%
10607
+4.1%
10502
+0.9%

Housing Supply in 10502, NY

How many homes are available in 10502, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2014-30.0%

Summary: The 10502 real estate market had 14 homes for sale in November 2024, a 30.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 20
-100.0%
3 97
-22.2%
4 64
-33.3%
5+ 23
+50.0%

Summary: The 10502 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10502, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 10502 in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for 10502, NY

How long does it take to sell a home in 10502, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
54 Days36 Days-33.2%

Summary: Homes in 10502 had an average of 36 days on market in Nov 2024, down by 33.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 10502 has remained consistent over time.

Summary: During November 2024, 4 homes were sold in 10502; 25% of homes were sold within 30 days, 75% 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 21 Days Ago

Newest Listings in 10502, NY

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