Is 12053, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12053 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 12053 has remained a Seller's Market.

Key Takeaway

12053 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12053, NY

How much do homes in 12053, NY cost?

Median Sold Price

$324,900

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$84,900(+35.4%)

Key Takeaway

Homes in 12053 have sold for 35.4% more than they did a year ago.

Summary: The median home sold price in 12053 was $324,900 in November 2024, up 35.4% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $140K-
N/A
2 $140K$157.5K
+12.5%
3 $240K$327.4K
+36.4%
4 $302.5K$380K
+25.6%
5+ $287K$279.9K
-2.5%

Summary: 12053 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 25.6%, and 5+ bedroom homes decreased by 2.5%.

Median Sold Price Compared To Nearby Zip Codes

12053
+35.4%
12137
+29.6%
12056
+16.8%
12157
-9.1%

Housing Supply in 12053, NY

How many homes are available in 12053, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2213-40.9%

Summary: The 12053 real estate market had 13 homes for sale in November 2024, a 40.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 113
-72.7%
4 43
-25.0%
5+ 56
+20.0%

Summary: The 12053 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 72.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12053, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 12053 in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for 12053, NY

How long does it take to sell a home in 12053, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
24 Days27 Days+14.2%

Summary: Homes in 12053 had an average of 27 days on market in Nov 2024, up by 14.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12053 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in 12053; 60% of homes were sold within 30 days, 40% 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 17 Days Ago

Newest Listings in 12053, NY

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