Is 10507, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10507 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 10507 has remained a Seller's Market.

Key Takeaway

10507 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 10507, NY

How much do homes in 10507, NY cost?

Median Sold Price

$350,000

$364/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$450,000(-56.3%)

Key Takeaway

Homes in 10507 have sold for 56.2% less than they did a month ago.

Summary: The median home sold price in 10507 was $350,000 in December 2024, down 56.3% from last month, and the median price per square foot was $364.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 -$350K
N/A
2 $618K$469.5K
-24.0%
3 $880K-
N/A
4 $2.1M-
N/A
5+ --
N/A

Summary: 10507 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 10507, NY

How many homes are available in 10507, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1513-13.3%

Summary: The 10507 real estate market had 13 homes for sale in December 2024, a 13.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 42
-50.0%
3 45
+25.0%
4 43
-25.0%
5+ 11
0.0%

Summary: The 10507 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10507, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 10507 in December 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.

Days on Market for 10507, NY

How long does it take to sell a home in 10507, NY?

Average Sale Time

Nov 2024Dec 2024CHANGE
18 Days45 Days+150.2%

Summary: Homes in 10507 had an average of 45 days on market in Dec 2024, up by 150.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 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 10507 has remained consistent over time.

Summary: During December 2024, 3 homes were sold in 10507; 33% of homes were sold within 30 days, 67% 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 2 Days Ago

Newest Listings in 10507, NY

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