Is 10706, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10706 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 10706 was a Buyer's Market.

Key Takeaway

10706 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 10706, NY

How much do homes in 10706, NY cost?

Median Sold Price

$970,000

$500/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$88,500(+10.0%)

Key Takeaway

Homes in 10706 have sold for 10% more than they did a year ago.

Summary: The median home sold price in 10706 was $970,000 in November 2024, up 10% from last year, and the median price per square foot was $500.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $225K$225K
0.0%
2 $400K$742.5K
+85.6%
3 $970.6K$880K
-9.3%
4 $1.0M$1.2M
+17.6%
5+ $1.3M$1.3M
+5.5%

Summary: 10706 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 85.6%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 5.5%.

Median Sold Price Compared To Nearby Zip Codes

10522
+15.1%
10701
+11.8%
10706
+10.0%
10710
+9.3%
10502
+0.9%

Housing Supply in 10706, NY

How many homes are available in 10706, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3625-30.6%

Summary: The 10706 real estate market had 25 homes for sale in November 2024, a 30.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 87
-12.5%
2 56
+20.0%
3 93
-66.7%
4 53
-40.0%
5+ 96
-33.3%

Summary: The 10706 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
770.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10706, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 10706 in November 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for 10706, NY

How long does it take to sell a home in 10706, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
46 Days37 Days-18.6%

Summary: Homes in 10706 had an average of 37 days on market in Nov 2024, down by 18.6% 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 10706 has remained consistent over time.

Summary: During November 2024, 7 homes were sold in 10706; 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 17 Days Ago

Newest Listings in 10706, NY

Nearby Markets to 10706, NY