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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12025 is a neutral's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

12025 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 12025, NY

How much do homes in 12025, NY cost?

Median Sold Price

$225,725

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$35,725(+18.8%)

Key Takeaway

Homes in 12025 have sold for 18.8% more than they did a year ago.

Summary: The median home sold price in 12025 was $225,725 in September 2024, up 18.8% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $138K$161K
+16.7%
2 $169K$125.5K
-25.7%
3 $247.5K$262.8K
+6.2%
4 $132.5K$181.5K
+37.0%
5+ $460.5K$150K
-67.4%

Summary: 12025 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 25.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 37%, and 5+ bedroom homes decreased by 67.4%.

Median Sold Price Compared To Nearby Zip Codes

12850
+41.7%
12086
+33.4%
12025
+18.8%
12074
-2.6%

Housing Supply in 12025, NY

How many homes are available in 12025, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3739+5.4%

Summary: The 12025 real estate market had 39 homes for sale in September 2024, a 5.4% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 1214
+16.7%
3 1113
+18.2%
4 87
-12.5%
5+ 54
-20.0%

Summary: The 12025 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

4 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 12025 in September 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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

Sep 2023Sep 2024CHANGE
24 Days158 Days+548.3%

Summary: Homes in 12025 had an average of 158 days on market in Sep 2024, up by 548.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 12025 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 6 homes were sold in 12025; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 21 Days Ago

Newest Listings in 12025, NY

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