Is 10590, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10590 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 10590 was a Buyer's Market.

Key Takeaway

10590 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 10590, NY

How much do homes in 10590, NY cost?

Median Sold Price

$815,000

$361/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$40,000(+5.2%)

Key Takeaway

Homes in 10590 have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in 10590 was $815,000 in October 2024, up 5.2% from last year, and the median price per square foot was $361.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $265K$362.5K
+36.8%
2 $555K$650K
+17.1%
3 $760K$811K
+6.7%
4 $1.0M$1.0M
+8.9%
5+ $1.2M$1.2M
+0.7%

Summary: 10590 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.8%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 0.7%.

Median Sold Price Compared To Nearby Zip Codes

10590
+5.2%
06877
+2.8%
10576
+1.7%

Housing Supply in 10590, NY

How many homes are available in 10590, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3137+19.4%

Summary: The 10590 real estate market had 37 homes for sale in October 2024, a 19.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 35
+66.7%
2 45
+25.0%
3 1212
0.0%
4 910
+11.1%
5+ 35
+66.7%

Summary: The 10590 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10590, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 10590 in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.

Days on Market for 10590, NY

How long does it take to sell a home in 10590, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days33 Days+71.4%

Summary: Homes in 10590 had an average of 33 days on market in Oct 2024, up by 71.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 10590 has remained consistent over time.

Summary: During October 2024, 7 homes were sold in 10590; 43% of homes were sold within 30 days, 57% 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 10590, NY

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