Is 12188, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12188 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 12188 has remained a Seller's Market.

Key Takeaway

12188 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12188, NY

How much do homes in 12188, NY cost?

Median Sold Price

$325,000

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$25,000(+8.3%)

Key Takeaway

Homes in 12188 have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in 12188 was $325,000 in December 2024, up 8.3% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $210K$280.2K
+33.4%
3 $290K$319K
+10.0%
4 $310K$375K
+21.0%
5+ $385K$258K
-33.0%

Summary: 12188 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.4%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 21%, and 5+ bedroom homes decreased by 33%.

Median Sold Price Compared To Nearby Zip Codes

12182
+15.6%
12047
+13.5%
12188
+8.3%
12065
+4.5%

Housing Supply in 12188, NY

How many homes are available in 12188, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2718-33.3%

Summary: The 12188 real estate market had 18 homes for sale in December 2024, a 33.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 97
-22.2%
4 95
-44.4%
5+ 72
-71.4%

Summary: The 12188 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 increased by 100%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes decreased by 71.4%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
94-55.6%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12188, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in 12188 in December 2024, down by 55.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.

Days on Market for 12188, NY

How long does it take to sell a home in 12188, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
26 Days19 Days-26.4%

Summary: Homes in 12188 had an average of 19 days on market in Dec 2024, down by 26.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were 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

Many homes in 12188 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 4 homes were sold in 12188; 50% of homes were sold within 30 days, 50% 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 4 Days Ago

Newest Listings in 12188, NY

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