Is 10974, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10974 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 10974 has remained a Seller's Market.

Key Takeaway

10974 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 10974, NY

How much do homes in 10974, NY cost?

Median Sold Price

$510,000

$296/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$90,000(-15.0%)

Key Takeaway

Homes in 10974 have sold for 15% less than they did a month ago.

Summary: The median home sold price in 10974 was $510,000 in December 2024, down 15% from last month, and the median price per square foot was $296.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $390K-
N/A
3 $575K$475K
-17.4%
4 $625K$759K
+21.4%
5+ $1.9M-
N/A

Summary: 10974 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 17.4%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes did not change.

Housing Supply in 10974, NY

How many homes are available in 10974, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1812-33.3%

Summary: The 10974 real estate market had 12 homes for sale in December 2024, a 33.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 85
-37.5%
4 54
-20.0%
5+ 43
-25.0%

Summary: The 10974 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10974, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 10974 in December 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 10974, NY

How long does it take to sell a home in 10974, NY?

Average Sale Time

Nov 2024Dec 2024CHANGE
53 Days47 Days-11.9%

Summary: Homes in 10974 had an average of 47 days on market in Dec 2024, down by 11.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 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 10974 has remained consistent over time.

Summary: During December 2024, 3 homes were sold in 10974; 33% of homes were sold within 30 days, 67% 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 7 Days Ago

Newest Listings in 10974, NY

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