Is 12025, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12025 is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 12025 was a Buyer's Market.

Key Takeaway

12025 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12025, NY

How much do homes in 12025, NY cost?

Median Sold Price

$235,000

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$45,000(+23.7%)

Key Takeaway

Homes in 12025 have sold for 23.7% more than they did a year ago.

Summary: The median home sold price in 12025 was $235,000 in December 2024, up 23.7% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $138K$161K
+16.7%
2 $169K$175K
+3.6%
3 $251K$243.7K
-2.9%
4 $114K$318K
+178.9%
5+ $215K$171K
-20.5%

Summary: 12025 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 178.9%, and 5+ bedroom homes decreased by 20.5%.

Median Sold Price Compared To Nearby Zip Codes

12850
+48.1%
12025
+23.7%
12117
+15.9%
12074
+11.1%

Housing Supply in 12025, NY

How many homes are available in 12025, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3317-48.5%

Summary: The 12025 real estate market had 17 homes for sale in December 2024, a 48.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 94
-55.6%
3 127
-41.7%
4 94
-55.6%
5+ 21
-50.0%

Summary: The 12025 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 55.6%, 3 bedroom homes decreased by 41.7%, 4 bedroom homes decreased by 55.6%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
144-71.4%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12025, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 12025 in December 2024, down by 71.4% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 12025, NY

How long does it take to sell a home in 12025, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
31 Days4 Days-86.3%

Summary: Homes in 12025 had an average of 4 days on market in Dec 2024, down by 86.3% compared to last year.

Breakdown of Home Sale Times

4 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 12025 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 4 homes were sold in 12025; 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 8 Days Ago

Newest Listings in 12025, NY

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