Is 12117, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12117 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 12117 was a Seller's Market.

Key Takeaway

12117 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 12117, NY

How much do homes in 12117, NY cost?

Median Sold Price

$249,000

$159/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$26,700(-9.7%)

Key Takeaway

Homes in 12117 have sold for 9.7% less than they did a month ago.

Summary: The median home sold price in 12117 was $249,000 in October 2024, down 9.7% from last month, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $750K-
N/A
3 -$249K
N/A
4 $231.4K-
N/A
5+ --
N/A

Summary: 12117 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 12117, NY

How many homes are available in 12117, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1716-5.9%

Summary: The 12117 real estate market had 16 homes for sale in October 2024, a 5.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 67
+16.7%
4 52
-60.0%
5+ 23
+50.0%

Summary: The 12117 housing inventory by bedroom type for October 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 16.7%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were 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 12117, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 12117 in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 12117, NY

How long does it take to sell a home in 12117, NY?

Average Sale Time

Sep 2024Oct 2024CHANGE
42 Days4 Days-90.5%

Summary: Homes in 12117 had an average of 4 days on market in Oct 2024, down by 90.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 12117 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in 12117; 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 17 Days Ago

Newest Listings in 12117, NY

Nearby Markets to 12117, NY