Is 12186, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12186 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 12186 has remained a Seller's Market.

Key Takeaway

12186 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12186, NY

How much do homes in 12186, NY cost?

Median Sold Price

$370,500

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$7,000(-1.9%)

Key Takeaway

Homes in 12186 have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in 12186 was $370,500 in November 2024, down 1.9% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $144.7K$155K
+7.2%
2 $232.5K$242.5K
+4.3%
3 $380K$375K
-1.3%
4 $423K$384.5K
-9.1%
5+ $380K$335K
-11.8%

Summary: 12186 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 11.8%.

Median Sold Price Compared To Nearby Zip Codes

12159
+22.4%
12009
+4.4%
12186
-1.9%

Housing Supply in 12186, NY

How many homes are available in 12186, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2017-15.0%

Summary: The 12186 real estate market had 17 homes for sale in November 2024, a 15.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 21
-50.0%
3 109
-10.0%
4 75
-28.6%
5+ 00
0.0%

Summary: The 12186 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
43-25.0%

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 12186, 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 12186 in November 2024, down by 25.0% month-over-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 12186, NY

How long does it take to sell a home in 12186, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
6 Days30 Days+370.7%

Summary: Homes in 12186 had an average of 30 days on market in Nov 2024, up by 370.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 12186 has remained consistent over time.

Summary: During November 2024, 3 homes were sold in 12186; 33% of homes were sold within 30 days, 67% 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 21 Days Ago

Newest Listings in 12186, NY

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