Is 10562, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10562 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 10562 was a Seller's Market.

Key Takeaway

10562 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 10562, NY

How much do homes in 10562, NY cost?

Median Sold Price

$559,000

$326/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$49,000(+9.6%)

Key Takeaway

Homes in 10562 have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in 10562 was $559,000 in October 2024, up 9.6% from last year, and the median price per square foot was $326.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $275K$375.5K
+36.5%
2 $430.9K$455K
+5.6%
3 $560K$580.5K
+3.7%
4 $725K$714K
-1.5%
5+ $730K$750K
+2.7%

Summary: 10562 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.5%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 2.7%.

Median Sold Price Compared To Nearby Zip Codes

10514
+15.6%
10562
+9.6%
10520
+9.4%
10510
+1.4%
10546
-14.5%

Housing Supply in 10562, NY

How many homes are available in 10562, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
115128+11.3%

Summary: The 10562 real estate market had 128 homes for sale in October 2024, a 11.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1116
+45.5%
2 2830
+7.1%
3 3335
+6.1%
4 2126
+23.8%
5+ 2221
-4.5%

Summary: The 10562 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 45.5%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes decreased by 4.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1921+10.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10562, you could pay more than the asking price. 81% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in 10562 in October 2024, up by 10.5% month-over-month. Of the 21 sold homes, 14% were sold under asking, 5% were sold at asking, and 81% were sold over asking.

Days on Market for 10562, NY

How long does it take to sell a home in 10562, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
42 Days34 Days-18.1%

Summary: Homes in 10562 had an average of 34 days on market in Oct 2024, down by 18.1% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 10562 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 21 homes were sold in 10562; 62% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 5% 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 10562, NY

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