Is 10580, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10580 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 10580 was a Seller's Market.

Key Takeaway

10580 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 10580, NY

How much do homes in 10580, NY cost?

Median Sold Price

$2,162,000

$701/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$362,000(+20.1%)

Key Takeaway

Homes in 10580 have sold for 20.1% more than they did a year ago.

Summary: The median home sold price in 10580 was $2,162,000 in October 2024, up 20.1% from last year, and the median price per square foot was $701.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $245K$251.2K
+2.6%
2 $440K$642.5K
+46.0%
3 $1.2M$1.3M
+3.4%
4 $1.8M$2.0M
+12.5%
5+ $2.9M$3.2M
+12.3%

Summary: 10580 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 46%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 12.3%.

Median Sold Price Compared To Nearby Zip Codes

10543
+32.8%
10580
+20.1%
10573
+11.2%
10528
+4.9%
10605
+1.2%

Housing Supply in 10580, NY

How many homes are available in 10580, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7273+1.4%

Summary: The 10580 real estate market had 73 homes for sale in October 2024, a 1.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 99
0.0%
2 109
-10.0%
3 1512
-20.0%
4 1010
0.0%
5+ 2833
+17.9%

Summary: The 10580 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 17.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1410-28.6%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10580, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 10580 in October 2024, down by 28.6% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.

Days on Market for 10580, NY

How long does it take to sell a home in 10580, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
103 Days43 Days-57.7%

Summary: Homes in 10580 had an average of 43 days on market in Oct 2024, down by 57.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 10580 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in 10580; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% 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 10580, NY

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