Is 10553, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10553 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 10553 has remained a Buyer's Market.

Key Takeaway

10553 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 10553, NY

How much do homes in 10553, NY cost?

Median Sold Price

$454,250

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$43,250(-8.7%)

Key Takeaway

Homes in 10553 have sold for 8.7% less than they did a year ago.

Summary: The median home sold price in 10553 was $454,250 in October 2024, down 8.7% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $100.2K$115K
+14.7%
2 $142K$181K
+27.5%
3 $452K$497.5K
+10.1%
4 $575.9K$714.5K
+24.1%
5+ $670K$705K
+5.2%

Summary: 10553 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes increased by 27.5%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes increased by 5.2%.

Median Sold Price Compared To Nearby Zip Codes

10803
+43.3%
10552
+3.6%
10550
+1.2%
10553
-8.7%

Housing Supply in 10553, NY

How many homes are available in 10553, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4846-4.2%

Summary: The 10553 real estate market had 46 homes for sale in October 2024, a 4.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 810
+25.0%
2 24
+100.0%
3 109
-10.0%
4 1414
0.0%
5+ 149
-35.7%

Summary: The 10553 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 35.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10553, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in 10553 in October 2024, down by 33.3% month-over-month. Of the 6 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for 10553, NY

How long does it take to sell a home in 10553, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
61 Days40 Days-34.2%

Summary: Homes in 10553 had an average of 40 days on market in Oct 2024, down by 34.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 10553 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in 10553; 67% of homes were sold within 30 days, 17% 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 13 Days Ago

Newest Listings in 10553, NY

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