Is 12037, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12037 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 12037 was a Seller's Market.

Key Takeaway

12037 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 12037, NY

How much do homes in 12037, NY cost?

Median Sold Price

$1,008,750

$313/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$463,750(+85.1%)

Key Takeaway

Homes in 12037 have sold for 85.1% more than they did a month ago.

Summary: The median home sold price in 12037 was $1,008,750 in October 2024, up 85.1% from last month, and the median price per square foot was $313.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $590K$242.5K
-58.9%
3 $355K-
N/A
4 --
N/A
5+ $545K$1.7M
+225.7%

Summary: 12037 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 58.9%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 225.7%.

Median Sold Price Compared To Nearby Zip Codes

12037
+85.1%
12075
+55.0%

Housing Supply in 12037, NY

How many homes are available in 12037, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1112+9.1%

Summary: The 12037 real estate market had 12 homes for sale in October 2024, a 9.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 44
0.0%
4 23
+50.0%
5+ 33
0.0%

Summary: The 12037 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12037, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 12037 in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 12037, NY

How long does it take to sell a home in 12037, NY?

Average Sale Time

Sep 2024Oct 2024CHANGE
31 Days85 Days+175.8%

Summary: Homes in 12037 had an average of 85 days on market in Oct 2024, up by 175.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 12037 has remained consistent over time.

Summary: During October 2024, 2 homes were sold in 12037; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 12037, NY

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