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 13 Days Ago

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