Is 12009, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12009 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 12009 was a Buyer's Market.

Key Takeaway

12009 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12009, NY

How much do homes in 12009, NY cost?

Median Sold Price

$360,000

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$50,299(+16.2%)

Key Takeaway

Homes in 12009 have sold for 16.2% more than they did a year ago.

Summary: The median home sold price in 12009 was $360,000 in October 2024, up 16.2% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $210K$171.2K
-18.5%
3 $306K$345K
+12.7%
4 $445.3K$425K
-4.6%
5+ $397.7K$435K
+9.4%

Summary: 12009 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.5%, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 9.4%.

Median Sold Price Compared To Nearby Zip Codes

12009
+16.2%
12186
+1.8%

Housing Supply in 12009, NY

How many homes are available in 12009, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2425+4.2%

Summary: The 12009 real estate market had 25 homes for sale in October 2024, a 4.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 01
+100.0%
3 1313
0.0%
4 87
-12.5%
5+ 23
+50.0%

Summary: The 12009 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
550.0%

Asking Price vs. Sold Price

1 Home Was 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 12009, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in 12009 in October 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.

Days on Market for 12009, NY

How long does it take to sell a home in 12009, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days16 Days+31.2%

Summary: Homes in 12009 had an average of 16 days on market in Oct 2024, up by 31.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12009 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 12009; 80% of homes were sold within 30 days, 20% 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 4 Days Ago

Newest Listings in 12009, NY

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