Is 10707, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10707 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 10707 has remained a Buyer's Market.

Key Takeaway

10707 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 10707, NY

How much do homes in 10707, NY cost?

Median Sold Price

$770,000

$432/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$95,000(+14.1%)

Key Takeaway

Homes in 10707 have sold for 14.1% more than they did a year ago.

Summary: The median home sold price in 10707 was $770,000 in October 2024, up 14.1% from last year, and the median price per square foot was $432.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $221K$332.5K
+50.5%
2 $473.7K$450K
-5.0%
3 $739K$789.5K
+6.8%
4 $815K$1.0M
+23.7%
5+ $845K$1.4M
+71.6%

Summary: 10707 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.5%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 71.6%.

Median Sold Price Compared To Nearby Zip Codes

10583
+30.9%
10708
+27.3%
10707
+14.1%
10710
+6.1%
10709
+4.0%

Housing Supply in 10707, NY

How many homes are available in 10707, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4238-9.5%

Summary: The 10707 real estate market had 38 homes for sale in October 2024, a 9.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 97
-22.2%
2 1211
-8.3%
3 55
0.0%
4 99
0.0%
5+ 76
-14.3%

Summary: The 10707 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
114-63.6%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10707, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 10707 in October 2024, down by 63.6% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.

Days on Market for 10707, NY

How long does it take to sell a home in 10707, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days14 Days-51.1%

Summary: Homes in 10707 had an average of 14 days on market in Oct 2024, down by 51.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 10707 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 10707; 100% of homes were sold within 30 days, 0% 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 14 Days Ago

Newest Listings in 10707, NY

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