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 November 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

$260,000

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$22,000(+9.2%)

Key Takeaway

Homes in 12180 have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in 12180 was $260,000 in November 2024, up 9.2% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $155K$65K
-58.1%
2 $220K$228.6K
+3.9%
3 $270K$259.9K
-3.7%
4 $220K$287.9K
+30.9%
5+ $215K$270K
+25.6%

Summary: 12180 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 58.1%, 2 bedroom homes increased by 3.9%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 30.9%, and 5+ bedroom homes increased by 25.6%.

Median Sold Price Compared To Nearby Zip Codes

12182
+14.0%
12180
+9.2%
12198
+2.8%

Housing Supply in 12180, NY

How many homes are available in 12180, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
229174-24.0%

Summary: The 12180 real estate market had 174 homes for sale in November 2024, a 24.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1917
-10.5%
3 7351
-30.1%
4 4937
-24.5%
5+ 8869
-21.6%

Summary: The 12180 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.5%, 3 bedroom homes decreased by 30.1%, 4 bedroom homes decreased by 24.5%, and 5+ bedroom homes decreased by 21.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5848-17.2%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12180, you could pay more than the asking price. 47.9% of homes here sold above asking price last month.

Summary: A total of 48 homes were sold or pending in 12180 in November 2024, down by 17.2% month-over-month. Of the 48 sold homes, 33% were sold under asking, 19% were sold at asking, and 48% 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

Nov 2023Nov 2024CHANGE
36 Days23 Days-36.0%

Summary: Homes in 12180 had an average of 23 days on market in Nov 2024, down by 36% compared to last year.

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 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 November 2024, 48 homes were sold in 12180; 79% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 6% 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 12180, NY

Nearby Markets to 12180, NY