Is 12196, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12196 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 12196 was a Buyer's Market.

Key Takeaway

12196 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12196, NY

How much do homes in 12196, NY cost?

Median Sold Price

$416,200

$216/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$58,750(+16.4%)

Key Takeaway

Homes in 12196 have sold for 16.4% more than they did a month ago.

Summary: The median home sold price in 12196 was $416,200 in December 2024, up 16.4% from last month, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $357.4K$457.5K
+28.0%
4 --
N/A
5+ -$374.9K
N/A

Summary: 12196 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 increased by 28%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 12196, NY

How many homes are available in 12196, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1511-26.7%

Summary: The 12196 real estate market had 11 homes for sale in December 2024, a 26.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 22
0.0%
3 96
-33.3%
4 32
-33.3%
5+ 11
0.0%

Summary: The 12196 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 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12196, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in 12196 in December 2024, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for 12196, NY

How long does it take to sell a home in 12196, NY?

Average Sale Time

Nov 2024Dec 2024CHANGE
10 Days25 Days+150.0%

Summary: Homes in 12196 had an average of 25 days on market in Dec 2024, up by 150% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12196 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 6 homes were sold in 12196; 83% of homes were sold within 30 days, 17% 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 6 Days Ago

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