Is 12175, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12175 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 12175 has remained a Seller's Market.

Key Takeaway

12175 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12175, NY

How much do homes in 12175, NY cost?

Median Sold Price

$240,000

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,500(+11.4%)

Key Takeaway

Homes in 12175 have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in 12175 was $240,000 in October 2024, up 11.4% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $80K-
N/A
2 $195K$225K
+15.4%
3 $227.5K$250K
+9.9%
4 $339K-
N/A
5+ -$495K
N/A

Summary: 12175 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 9.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

12175
+11.4%
12149
-23.7%

Housing Supply in 12175, NY

How many homes are available in 12175, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
128-33.3%

Summary: The 12175 real estate market had 8 homes for sale in October 2024, a 33.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 66
0.0%
4 10
-100.0%
5+ 32
-33.3%

Summary: The 12175 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 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 12175, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 12175 in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 12175, NY

How long does it take to sell a home in 12175, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
9 Days78 Days+750.5%

Summary: Homes in 12175 had an average of 78 days on market in Oct 2024, up by 750.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12175 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 12175; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 23 Days Ago

Newest Listings in 12175, NY

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