Is 10576, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10576 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 10576 has remained a Seller's Market.

Key Takeaway

10576 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 10576, NY

How much do homes in 10576, NY cost?

Median Sold Price

$1,230,000

$398/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$45,000(+3.8%)

Key Takeaway

Homes in 10576 have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in 10576 was $1,230,000 in November 2024, up 3.8% from last year, and the median price per square foot was $398.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$255K
N/A
2 $863.9K$782.5K
-9.4%
3 $1.0M$1.0M
-2.5%
4 $1.3M$1.2M
-4.6%
5+ $2.2M$2.5M
+14.6%

Summary: 10576 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.4%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 14.6%.

Median Sold Price Compared To Nearby Zip Codes

10506
+18.5%
10590
+6.7%
10576
+3.8%
06903
+2.2%

Housing Supply in 10576, NY

How many homes are available in 10576, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3328-15.2%

Summary: The 10576 real estate market had 28 homes for sale in November 2024, a 15.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 76
-14.3%
4 1411
-21.4%
5+ 1110
-9.1%

Summary: The 10576 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10576, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 10576 in November 2024, up by 14.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.

Days on Market for 10576, NY

How long does it take to sell a home in 10576, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
41 Days125 Days+206.1%

Summary: Homes in 10576 had an average of 125 days on market in Nov 2024, up by 206.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 10576 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 8 homes were sold in 10576; 13% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 50% 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

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