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 21 Days Ago

Newest Listings in 12037, NY

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