Is 12110, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12110 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 12110 has remained a Seller's Market.

Key Takeaway

12110 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12110, NY

How much do homes in 12110, NY cost?

Median Sold Price

$386,250

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$10,739(+2.9%)

Key Takeaway

Homes in 12110 have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in 12110 was $386,250 in December 2024, up 2.9% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $253.5K$267.5K
+5.5%
3 $367.4K$375K
+2.0%
4 $418.5K$440K
+5.1%
5+ $452.5K$502.5K
+11.0%

Summary: 12110 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 5.5%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 11%.

Median Sold Price Compared To Nearby Zip Codes

12211
+20.8%
12189
+17.4%
12047
+13.5%
12309
+8.7%
12110
+2.9%

Housing Supply in 12110, NY

How many homes are available in 12110, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5033-34.0%

Summary: The 12110 real estate market had 33 homes for sale in December 2024, a 34.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 21
-50.0%
3 2920
-31.0%
4 149
-35.7%
5+ 42
-50.0%

Summary: The 12110 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 decreased by 50%, 3 bedroom homes decreased by 31%, 4 bedroom homes decreased by 35.7%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1812-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12110, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in 12110 in December 2024, down by 33.3% month-over-month. Of the 12 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.

Days on Market for 12110, NY

How long does it take to sell a home in 12110, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
14 Days11 Days-23.5%

Summary: Homes in 12110 had an average of 11 days on market in Dec 2024, down by 23.5% compared to last year.

Breakdown of Home Sale Times

10 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 12110 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 12 homes were sold in 12110; 83% of homes were sold within 30 days, 17% 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 12110, NY

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