Is 12018, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12018 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 12018 has remained a Seller's Market.

Key Takeaway

12018 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12018, NY

How much do homes in 12018, NY cost?

Median Sold Price

$401,000

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$60,050(+17.6%)

Key Takeaway

Homes in 12018 have sold for 17.6% more than they did a year ago.

Summary: The median home sold price in 12018 was $401,000 in December 2024, up 17.6% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $366K$240K
-34.4%
2 $177.3K$260K
+46.6%
3 $342K$370K
+8.2%
4 $359.9K$475K
+32.0%
5+ $442.3K$552.3K
+24.9%

Summary: 12018 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.4%, 2 bedroom homes increased by 46.6%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 32%, and 5+ bedroom homes increased by 24.9%.

Housing Supply in 12018, NY

How many homes are available in 12018, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2116-23.8%

Summary: The 12018 real estate market had 16 homes for sale in December 2024, a 23.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 31
-66.7%
3 95
-44.4%
4 69
+50.0%
5+ 21
-50.0%

Summary: The 12018 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 44.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12018, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 12018 in December 2024, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.

Days on Market for 12018, NY

How long does it take to sell a home in 12018, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
29 Days2 Days-91.0%

Summary: Homes in 12018 had an average of 2 days on market in Dec 2024, down by 91% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12018 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 3 homes were sold in 12018; 100% of homes were sold within 30 days, 0% 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 2 Days Ago

Newest Listings in 12018, NY

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