Is 12054, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12054 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 12054 has remained a Seller's Market.

Key Takeaway

12054 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12054, NY

How much do homes in 12054, NY cost?

Median Sold Price

$417,000

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$33,000(+8.6%)

Key Takeaway

Homes in 12054 have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in 12054 was $417,000 in November 2024, up 8.6% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $262K$269.8K
+3.0%
3 $329.5K$350K
+6.2%
4 $432K$445.5K
+3.1%
5+ $540K$480K
-11.1%

Summary: 12054 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 3%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 11.1%.

Median Sold Price Compared To Nearby Zip Codes

12159
+22.4%
12208
+10.2%
12054
+8.6%
12077
+2.9%

Housing Supply in 12054, NY

How many homes are available in 12054, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3326-21.2%

Summary: The 12054 real estate market had 26 homes for sale in November 2024, a 21.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 910
+11.1%
4 1410
-28.6%
5+ 74
-42.9%

Summary: The 12054 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 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 42.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
97-22.2%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12054, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 12054 in November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.

Days on Market for 12054, NY

How long does it take to sell a home in 12054, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days11 Days-35.2%

Summary: Homes in 12054 had an average of 11 days on market in Nov 2024, down by 35.2% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12054 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in 12054; 86% of homes were sold within 30 days, 14% 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 4 Days Ago

Newest Listings in 12054, NY

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