Is 12078, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12078 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 12078 has remained a Seller's Market.

Key Takeaway

12078 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12078, NY

How much do homes in 12078, NY cost?

Median Sold Price

$142,000

$92/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$12,050(+9.3%)

Key Takeaway

Homes in 12078 have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in 12078 was $142,000 in November 2024, up 9.3% from last year, and the median price per square foot was $92.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $135K$135K
0.0%
2 $127K$151.5K
+19.3%
3 $145K$150K
+3.4%
4 $129.9K$135K
+3.9%
5+ $105K$100K
-4.8%

Summary: 12078 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 19.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 4.8%.

Median Sold Price Compared To Nearby Zip Codes

12025
+24.7%
12095
+15.8%
12078
+9.3%
12134
-18.5%

Housing Supply in 12078, NY

How many homes are available in 12078, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
11891-22.9%

Summary: The 12078 real estate market had 91 homes for sale in November 2024, a 22.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1010
0.0%
3 4330
-30.2%
4 3932
-17.9%
5+ 2518
-28.0%

Summary: The 12078 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 decreased by 30.2%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes decreased by 28%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2422-8.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12078, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 12078 in November 2024, down by 8.3% month-over-month. Of the 22 sold homes, 55% were sold under asking, 23% were sold at asking, and 23% were sold over asking.

Days on Market for 12078, NY

How long does it take to sell a home in 12078, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
39 Days33 Days-14.2%

Summary: Homes in 12078 had an average of 33 days on market in Nov 2024, down by 14.2% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12078 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 22 homes were sold in 12078; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% 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 22 Days Ago

Newest Listings in 12078, NY

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