Is 12204, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12204 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 12204 has remained a Buyer's Market.

Key Takeaway

12204 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 12204, NY

How much do homes in 12204, NY cost?

Median Sold Price

$265,000

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$47,500(-15.2%)

Key Takeaway

Homes in 12204 have sold for 15.2% less than they did a year ago.

Summary: The median home sold price in 12204 was $265,000 in October 2024, down 15.2% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $195K$193.5K
-0.8%
3 $305K$240K
-21.3%
4 $542.5K$307.5K
-43.3%
5+ $582.5K$265K
-54.5%

Summary: 12204 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 0.8%, 3 bedroom homes decreased by 21.3%, 4 bedroom homes decreased by 43.3%, and 5+ bedroom homes decreased by 54.5%.

Median Sold Price Compared To Nearby Zip Codes

12211
+38.4%
12189
+14.3%
12180
+6.5%
12144
+4.9%
12204
-15.2%

Housing Supply in 12204, NY

How many homes are available in 12204, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1915-21.1%

Summary: The 12204 real estate market had 15 homes for sale in October 2024, a 21.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 75
-28.6%
4 45
+25.0%
5+ 74
-42.9%

Summary: The 12204 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 remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 42.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12204, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 12204 in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 12204, NY

We’re sorry, we don't have information for this market at the moment

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12204 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 12204; 100% of homes were sold within 30 days, 0% 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 12204, NY

Nearby Markets to 12204, NY