Is 10601, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10601 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 10601 was a Seller's Market.

Key Takeaway

10601 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 10601, NY

How much do homes in 10601, NY cost?

Median Sold Price

$437,500

$412/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$112,500(+34.6%)

Key Takeaway

Homes in 10601 have sold for 34.6% more than they did a year ago.

Summary: The median home sold price in 10601 was $437,500 in October 2024, up 34.6% from last year, and the median price per square foot was $412.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $200.7K$265K
+32.0%
2 $440K$647.5K
+47.2%
3 $750K$552K
-26.4%
4 $2.3M-
N/A
5+ $900K$1.2M
+33.3%

Summary: 10601 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32%, 2 bedroom homes increased by 47.2%, 3 bedroom homes decreased by 26.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 33.3%.

Median Sold Price Compared To Nearby Zip Codes

10601
+34.6%
10603
+22.9%
10604
+3.6%
10605
+1.2%

Housing Supply in 10601, NY

How many homes are available in 10601, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7372-1.4%

Summary: The 10601 real estate market had 72 homes for sale in October 2024, a 1.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2725
-7.4%
2 3231
-3.1%
3 811
+37.5%
4 44
0.0%
5+ 21
-50.0%

Summary: The 10601 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.4%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
134-69.2%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10601, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 10601 in October 2024, down by 69.2% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 10601, NY

How long does it take to sell a home in 10601, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
100 Days124 Days+23.6%

Summary: Homes in 10601 had an average of 124 days on market in Oct 2024, up by 23.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 10601 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 4 homes were sold in 10601; 25% of homes were sold within 30 days, 25% 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 14 Days Ago

Newest Listings in 10601, NY

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