Is 10566, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10566 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 10566 has remained a Seller's Market.

Key Takeaway

10566 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 10566, NY

How much do homes in 10566, NY cost?

Median Sold Price

$432,500

$294/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$22,500(+5.5%)

Key Takeaway

Homes in 10566 have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in 10566 was $432,500 in October 2024, up 5.5% from last year, and the median price per square foot was $294.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $127K$135K
+6.3%
2 $369.5K$403.5K
+9.2%
3 $480K$530K
+10.4%
4 $527.5K$632.5K
+19.9%
5+ $627.5K$622.5K
-0.8%

Summary: 10566 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes decreased by 0.8%.

Median Sold Price Compared To Nearby Zip Codes

10567
+16.8%
10566
+5.5%

Housing Supply in 10566, NY

How many homes are available in 10566, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
95950.0%

Summary: The 10566 real estate market had 95 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1518
+20.0%
2 2832
+14.3%
3 2926
-10.3%
4 1815
-16.7%
5+ 54
-20.0%

Summary: The 10566 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2218-18.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10566, you could pay more than the asking price. 61.1% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in 10566 in October 2024, down by 18.2% month-over-month. Of the 18 sold homes, 22% were sold under asking, 17% were sold at asking, and 61% were sold over asking.

Days on Market for 10566, NY

How long does it take to sell a home in 10566, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
49 Days30 Days-37.9%

Summary: Homes in 10566 had an average of 30 days on market in Oct 2024, down by 37.9% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 10566 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 18 homes were sold in 10566; 56% of homes were sold within 30 days, 44% 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 14 Days Ago

Newest Listings in 10566, NY

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