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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12072 is a seller's market

Buyer's
Market

Difference Since August 2023

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

Key Takeaway

12072 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12072, NY

How much do homes in 12072, NY cost?

Median Sold Price

$214,500

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$35,500(-14.2%)

Key Takeaway

Homes in 12072 have sold for 14.2% less than they did a year ago.

Summary: The median home sold price in 12072 was $214,500 in August 2024, down 14.2% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $240K$87.5K
-63.5%
2 $89K$173K
+94.4%
3 $272.5K$272.5K
0.0%
4 $184.9K$95K
-48.6%
5+ $250K-
N/A

Summary: 12072 housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 63.5%, 2 bedroom homes increased by 94.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 48.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

13428
+60.0%
12066
+21.2%
12068
-7.8%
12072
-14.2%

Housing Supply in 12072, NY

How many homes are available in 12072, NY?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
10100.0%

Summary: The 12072 real estate market had 10 homes for sale in August 2024, the same as July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 21
-50.0%
2 12
+100.0%
3 24
+100.0%
4 53
-40.0%
5+ 00
0.0%

Summary: The 12072 housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12072, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 12072 in August 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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

Aug 2023Aug 2024CHANGE
3 Days18 Days+433.3%

Summary: Homes in 12072 had an average of 18 days on market in Aug 2024, up by 433.3% compared to last year.

Breakdown of Home Sale Times

2 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 12072 are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 3 homes were sold in 12072; 67% of homes were sold within 30 days, 33% 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 7 Days Ago

Newest Listings in 12072, NY

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