Is 10588, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10588 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 10588 was a Buyer's Market.

Key Takeaway

10588 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 10588, NY

How much do homes in 10588, NY cost?

Median Sold Price

$618,008

$366/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$143,008(+30.1%)

Key Takeaway

Homes in 10588 have sold for 30.1% more than they did a month ago.

Summary: The median home sold price in 10588 was $618,008 in October 2024, up 30.1% from last month, and the median price per square foot was $366.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $475K$636K
+33.9%
4 --
N/A
5+ -$600K
N/A

Summary: 10588 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 33.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 10588, NY

How many homes are available in 10588, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
911+22.2%

Summary: The 10588 real estate market had 11 homes for sale in October 2024, a 22.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 00
0.0%
3 55
0.0%
4 11
0.0%
5+ 12
+100.0%

Summary: The 10588 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10588, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 10588 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 10588, NY

How long does it take to sell a home in 10588, NY?

Average Sale Time

Sep 2024Oct 2024CHANGE
42 Days35 Days-15.5%

Summary: Homes in 10588 had an average of 35 days on market in Oct 2024, down by 15.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 10588 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 10588; 50% of homes were sold within 30 days, 50% 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 16 Days Ago

Newest Listings in 10588, NY

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