Is 10591, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10591 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 10591 has remained a Seller's Market.

Key Takeaway

10591 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 10591, NY

How much do homes in 10591, NY cost?

Median Sold Price

$732,000

$420/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$45,472(+6.6%)

Key Takeaway

Homes in 10591 have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in 10591 was $732,000 in October 2024, up 6.6% from last year, and the median price per square foot was $420.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $222K$270.2K
+21.7%
2 $620K$675.5K
+9.0%
3 $850K$857K
+0.8%
4 $985K$1.1M
+12.4%
5+ $1.1M$940K
-16.7%

Summary: 10591 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.7%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 16.7%.

Median Sold Price Compared To Nearby Zip Codes

10523
+11.4%
10595
+9.2%
10591
+6.6%
10532
+4.6%
10533
-4.9%

Housing Supply in 10591, NY

How many homes are available in 10591, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8191+12.3%

Summary: The 10591 real estate market had 91 homes for sale in October 2024, a 12.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1418
+28.6%
2 2625
-3.8%
3 1619
+18.8%
4 1214
+16.7%
5+ 1315
+15.4%

Summary: The 10591 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 15.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1320+53.8%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10591, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 10591 in October 2024, up by 53.8% month-over-month. Of the 20 sold homes, 60% were sold under asking, 25% were sold at asking, and 15% were sold over asking.

Days on Market for 10591, NY

How long does it take to sell a home in 10591, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
47 Days54 Days+13.9%

Summary: Homes in 10591 had an average of 54 days on market in Oct 2024, up by 13.9% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 10591 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 20 homes were sold in 10591; 45% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 25% 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 13 Days Ago

Newest Listings in 10591, NY

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