Is 10968, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10968 is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 10968 was a Buyer's Market.

Key Takeaway

10968 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 10968, NY

How much do homes in 10968, NY cost?

Median Sold Price

$712,850

$403/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$81,050(+12.8%)

Key Takeaway

Homes in 10968 have sold for 12.8% more than they did a year ago.

Summary: The median home sold price in 10968 was $712,850 in December 2024, up 12.8% from last year, and the median price per square foot was $403.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $246.2K$275.5K
+11.9%
2 $540K$704.5K
+30.5%
3 $652.5K$785K
+20.3%
4 $675K$1.2M
+85.0%
5+ $940K$845K
-10.1%

Summary: 10968 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 30.5%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 85%, and 5+ bedroom homes decreased by 10.1%.

Median Sold Price Compared To Nearby Zip Codes

10962
+15.9%
10968
+12.8%
10960
-5.5%

Housing Supply in 10968, NY

How many homes are available in 10968, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
159-40.0%

Summary: The 10968 real estate market had 9 homes for sale in December 2024, a 40.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 31
-66.7%
2 53
-40.0%
3 33
0.0%
4 21
-50.0%
5+ 21
-50.0%

Summary: The 10968 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
16+500.0%

Asking Price vs. Sold Price

1 Home Was 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 10968, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in 10968 in December 2024, up by 500.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.

Days on Market for 10968, NY

How long does it take to sell a home in 10968, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
35 Days34 Days-1.4%

Summary: Homes in 10968 had an average of 34 days on market in Dec 2024, down by 1.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 10968 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 6 homes were sold in 10968; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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 6 Days Ago

Newest Listings in 10968, NY

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