Is 12183, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12183 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 12183 has remained a Seller's Market.

Key Takeaway

12183 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12183, NY

How much do homes in 12183, NY cost?

Median Sold Price

$130,000

$59/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$140,750(-52.0%)

Key Takeaway

Homes in 12183 have sold for 52% less than they did a month ago.

Summary: The median home sold price in 12183 was $130,000 in December 2024, down 52% from last month, and the median price per square foot was $59.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 -$110K
N/A
3 $325K$240K
-26.2%
4 --
N/A
5+ $216.5K$130K
-40.0%

Summary: 12183 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 26.2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 40%.

Housing Supply in 12183, NY

How many homes are available in 12183, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
86-25.0%

Summary: The 12183 real estate market had 6 homes for sale in December 2024, a 25.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 43
-25.0%
4 00
0.0%
5+ 32
-33.3%

Summary: The 12183 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
23+50.0%

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 12183, 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 12183 in December 2024, up by 50.0% 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 12183, NY

How long does it take to sell a home in 12183, NY?

Average Sale Time

Nov 2024Dec 2024CHANGE
13 Days17 Days+30.8%

Summary: Homes in 12183 had an average of 17 days on market in Dec 2024, up by 30.8% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12183 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 3 homes were sold in 12183; 100% of homes were sold within 30 days, 0% 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 7 Days Ago

Newest Listings in 12183, NY

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