Is 12123, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12123 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 12123 has remained a Seller's Market.

Key Takeaway

12123 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12123, NY

How much do homes in 12123, NY cost?

Median Sold Price

$250,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,000(+2.0%)

Key Takeaway

Homes in 12123 have sold for 2% more than they did a year ago.

Summary: The median home sold price in 12123 was $250,000 in October 2024, up 2% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $70K$42.5K
-39.3%
2 $190.5K$206.6K
+8.5%
3 $245.1K$304.9K
+24.4%
4 $298K$328.7K
+10.3%
5+ $200K$251.7K
+25.9%

Summary: 12123 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.3%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 25.9%.

Housing Supply in 12123, NY

How many homes are available in 12123, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1516+6.7%

Summary: The 12123 real estate market had 16 homes for sale in October 2024, a 6.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 76
-14.3%
4 46
+50.0%
5+ 12
+100.0%

Summary: The 12123 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 decreased by 33.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
53-40.0%

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 12123, 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 12123 in October 2024, down by 40.0% month-over-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 12123, NY

How long does it take to sell a home in 12123, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days21 Days-29.1%

Summary: Homes in 12123 had an average of 21 days on market in Oct 2024, down by 29.1% 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 12123 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 12123; 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 20 Days Ago

Newest Listings in 12123, NY

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