$2,494 Closing Credit*
$210,000
1,152 SqFt
4 Beds
•2 Full Baths
Cindy L McMahon, Listing Office: Hunt Real Estate ERA
Is 12198, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 12198 has remained a Seller's Market.
Key Takeaway
12198 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 12198, NY
How much do homes in 12198, NY cost?
Median Sold Price
$367,500
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,050(+2.8%)
Key Takeaway
Homes in 12198 have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in 12198 was $367,500 in November 2024, up 2.8% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $380K | - | N/A |
| 2 Bedrooms | $251.2K | $234K | -6.9% |
| 3 Bedrooms | $330K | $344.5K | +4.4% |
| 4 Bedrooms | $455K | $460K | +1.1% |
| 5+ Bedrooms | $260K | $486.5K | +87.1% |
Summary: 12198 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 87.1%.
Median Sold Price Compared To Nearby Zip Codes
| 12180 | $238K | $260K | +9.2% |
| 12144 | $248K | $255.3K | +3.0% |
| 12198 | $357.4K | $367.5K | +2.8% |
Housing Supply in 12198, NY
How many homes are available in 12198, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 18 | -21.7% |
Summary: The 12198 real estate market had 18 homes for sale in November 2024, a 21.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 12198 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 remained the same, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 12198, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 12198 in November 2024, down by 33.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for 12198, NY
How long does it take to sell a home in 12198, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 17 Days | -53.0% |
Summary: Homes in 12198 had an average of 17 days on market in Nov 2024, down by 53% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 12198 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 12198; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.