Is 12180, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12180 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 12180 has remained a Seller's Market.

Key Takeaway

12180 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12180, NY

How much do homes in 12180, NY cost?

Median Sold Price

$255,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,600(+6.5%)

Key Takeaway

Homes in 12180 have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in 12180 was $255,000 in October 2024, up 6.5% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $155K$65K
-58.1%
2 $220K$227K
+3.2%
3 $268.7K$260K
-3.3%
4 $224.9K$275K
+22.2%
5+ $219K$265K
+21.0%

Summary: 12180 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 58.1%, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 21%.

Median Sold Price Compared To Nearby Zip Codes

12198
+24.4%
12182
+13.0%
12180
+6.5%
12140
+2.4%

Housing Supply in 12180, NY

How many homes are available in 12180, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
209206-1.4%

Summary: The 12180 real estate market had 206 homes for sale in October 2024, a 1.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1217
+41.7%
3 7862
-20.5%
4 4346
+7.0%
5+ 7681
+6.6%

Summary: The 12180 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 increased by 41.7%, 3 bedroom homes decreased by 20.5%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 6.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3551+45.7%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12180, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

Summary: A total of 51 homes were sold or pending in 12180 in October 2024, up by 45.7% month-over-month. Of the 51 sold homes, 47% were sold under asking, 12% were sold at asking, and 41% were sold over asking.

Days on Market for 12180, NY

How long does it take to sell a home in 12180, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days29 Days-5.5%

Summary: Homes in 12180 had an average of 29 days on market in Oct 2024, down by 5.5% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12180 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 51 homes were sold in 12180; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 12% 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 12180, NY

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