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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12204 is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 12204 was a Buyer's Market.

Key Takeaway

12204 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12204, NY

How much do homes in 12204, NY cost?

Median Sold Price

$250,000

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$50,000(-16.7%)

Key Takeaway

Homes in 12204 have sold for 16.7% less than they did a year ago.

Summary: The median home sold price in 12204 was $250,000 in December 2024, down 16.7% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $186K$162.5K
-12.6%
3 $275K$250K
-9.1%
4 $525K$270K
-48.6%
5+ $175K$311K
+77.7%

Summary: 12204 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 decreased by 12.6%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 48.6%, and 5+ bedroom homes increased by 77.7%.

Median Sold Price Compared To Nearby Zip Codes

12211
+20.8%
12189
+17.4%
12180
+6.6%
12144
+5.8%
12204
-16.7%

Housing Supply in 12204, NY

How many homes are available in 12204, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1610-37.5%

Summary: The 12204 real estate market had 10 homes for sale in December 2024, a 37.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 74
-42.9%
4 62
-66.7%
5+ 23
+50.0%

Summary: The 12204 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 42.9%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

1 Home Was 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. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 12204 in December 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for 12204, NY

How long does it take to sell a home in 12204, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
27 Days81 Days+197.0%

Summary: Homes in 12204 had an average of 81 days on market in Dec 2024, up by 197% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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 December 2024, 3 homes were sold in 12204; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 12204, NY

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