Is 12167, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12167 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 12167 was a Seller's Market.

Key Takeaway

12167 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 12167, NY

How much do homes in 12167, NY cost?

Median Sold Price

$222,500

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$1,500(-0.7%)

Key Takeaway

Homes in 12167 have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in 12167 was $222,500 in October 2024, down 0.7% from last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $104K$435K
+318.3%
2 $215K$151K
-29.8%
3 $245K$277.4K
+13.2%
4 $270K$155K
-42.6%
5+ $260K$225K
-13.5%

Summary: 12167 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 318.3%, 2 bedroom homes decreased by 29.8%, 3 bedroom homes increased by 13.2%, 4 bedroom homes decreased by 42.6%, and 5+ bedroom homes decreased by 13.5%.

Median Sold Price Compared To Nearby Zip Codes

13788
+34.7%
12167
-0.7%

Housing Supply in 12167, NY

How many homes are available in 12167, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2524-4.0%

Summary: The 12167 real estate market had 24 homes for sale in October 2024, a 4.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1110
-9.1%
4 45
+25.0%
5+ 77
0.0%

Summary: The 12167 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 9.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 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 12167, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 12167 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 12167, NY

How long does it take to sell a home in 12167, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days53 Days+30.7%

Summary: Homes in 12167 had an average of 53 days on market in Oct 2024, up by 30.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12167 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 12167; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 21 Days Ago

Newest Listings in 12167, NY

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