Is 12072, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12072 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 12072 was a Seller's Market.

Key Takeaway

12072 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 12072, NY

How much do homes in 12072, NY cost?

Median Sold Price

$269,950

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$29,950(+12.5%)

Key Takeaway

Homes in 12072 have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in 12072 was $269,950 in November 2024, up 12.5% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $240K$87.5K
-63.5%
2 $102K$242K
+137.3%
3 $260K$295K
+13.5%
4 $152.8K$223K
+45.8%
5+ $625K$269.9K
-56.8%

Summary: 12072 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 63.5%, 2 bedroom homes increased by 137.3%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 45.8%, and 5+ bedroom homes decreased by 56.8%.

Housing Supply in 12072, NY

How many homes are available in 12072, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1315+15.4%

Summary: The 12072 real estate market had 15 homes for sale in November 2024, a 15.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 11
0.0%
3 69
+50.0%
4 54
-20.0%
5+ 00
0.0%

Summary: The 12072 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12072, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 12072 in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 12072, NY

How long does it take to sell a home in 12072, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
52 Days15 Days-70.6%

Summary: Homes in 12072 had an average of 15 days on market in Nov 2024, down by 70.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12072 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 12072; 100% of homes were sold within 30 days, 0% 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 21 Days Ago

Newest Listings in 12072, NY

Nearby Markets to 12072, NY