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 5 Days Ago

Newest Listings in 10970, NY

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