Is 10970, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10970 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 10970 was a Seller's Market.

Key Takeaway

10970 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 10970, NY

How much do homes in 10970, NY cost?

Median Sold Price

$377,500

$279/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$15,000(-3.8%)

Key Takeaway

Homes in 10970 have sold for 3.8% less than they did a year ago.

Summary: The median home sold price in 10970 was $377,500 in October 2024, down 3.8% from last year, and the median price per square foot was $279.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $225K$242.5K
+7.8%
2 $317K$343.7K
+8.4%
3 $565K$545K
-3.5%
4 $699K$850K
+21.6%
5+ $994K$852.5K
-14.2%

Summary: 10970 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 8.4%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes decreased by 14.2%.

Median Sold Price Compared To Nearby Zip Codes

10923
+11.2%
10956
+11.1%
10980
+10.7%
10984
+3.0%
10970
-3.8%

Housing Supply in 10970, NY

How many homes are available in 10970, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5053+6.0%

Summary: The 10970 real estate market had 53 homes for sale in October 2024, a 6.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1719
+11.8%
2 810
+25.0%
3 77
0.0%
4 119
-18.2%
5+ 78
+14.3%

Summary: The 10970 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10970, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 10970 in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 10970, NY

How long does it take to sell a home in 10970, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days27 Days-4.0%

Summary: Homes in 10970 had an average of 27 days on market in Oct 2024, down by 4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 10970 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 10970; 63% of homes were sold within 30 days, 38% 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 22 Days Ago

Newest Listings in 10970, NY

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