$6,945 Closing Credit*
$584,800
2,045 SqFt
3 Beds
•2 Full Baths, 1 Partial
Anthony M Gucciardo, Listing Office: Gucciardo Real Estate LLC
Is 12198, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 12198 was a Buyer'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
$375,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$73,500(+24.4%)
Key Takeaway
Homes in 12198 have sold for 24.4% more than they did a year ago.
Summary: The median home sold price in 12198 was $375,000 in October 2024, up 24.4% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $380K | N/A |
| 2 Bedrooms | $236.5K | $222K | -6.1% |
| 3 Bedrooms | $302.4K | $350K | +15.7% |
| 4 Bedrooms | $455K | $440K | -3.3% |
| 5+ Bedrooms | $260K | $448K | +72.3% |
Summary: 12198 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 15.7%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 72.3%.
Median Sold Price Compared To Nearby Zip Codes
| 12198 | $301.5K | $375K | +24.4% |
| 12180 | $239.4K | $255K | +6.5% |
| 12144 | $243K | $255K | +4.9% |
| 12140 | $279.1K | $285.7K | +2.4% |
Housing Supply in 12198, NY
How many homes are available in 12198, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 19 | -24.0% |
Summary: The 12198 real estate market had 19 homes for sale in October 2024, a 24.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The 12198 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 12198, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 12198 in October 2024, up by 50.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 22% were sold at asking, and 67% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 45 Days | +374.7% |
Summary: Homes in 12198 had an average of 45 days on market in Oct 2024, up by 374.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 12198 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 12198; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% 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.