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 December 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

$429,900

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$39,900(+10.2%)

Key Takeaway

Homes in 12054 have sold for 10.2% more than they did a year ago.

Summary: The median home sold price in 12054 was $429,900 in December 2024, up 10.2% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $225K$284.9K
+26.6%
3 $331K$355K
+7.3%
4 $432K$453.5K
+5.0%
5+ $657.5K$480K
-27.0%

Summary: 12054 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 27%.

Median Sold Price Compared To Nearby Zip Codes

12159
+22.9%
12054
+10.2%
12077
+6.8%
12208
+6.2%

Housing Supply in 12054, NY

How many homes are available in 12054, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3431-8.8%

Summary: The 12054 real estate market had 31 homes for sale in December 2024, a 8.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 1413
-7.1%
4 1110
-9.1%
5+ 53
-40.0%

Summary: The 12054 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
714+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

10 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. 71.4% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in 12054 in December 2024, up by 100.0% month-over-month. Of the 14 sold homes, 7% were sold under asking, 21% were sold at asking, and 71% 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

Dec 2023Dec 2024CHANGE
11 Days11 Days+5.0%

Summary: Homes in 12054 had an average of 11 days on market in Dec 2024, up by 5% compared to last year.

Breakdown of Home Sale Times

12 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 12054 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 14 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 8 Days Ago

Newest Listings in 12054, NY

Nearby Markets to 12054, NY