Is 12209, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12209 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 12209 has remained a Seller's Market.

Key Takeaway

12209 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12209, NY

How much do homes in 12209, NY cost?

Median Sold Price

$245,000

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,000(+8.9%)

Key Takeaway

Homes in 12209 have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in 12209 was $245,000 in November 2024, up 8.9% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $190K$200K
+5.3%
3 $213K$235K
+10.3%
4 $285.5K$231K
-19.1%
5+ $256K$255K
-0.4%

Summary: 12209 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 increased by 5.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 19.1%, and 5+ bedroom homes decreased by 0.4%.

Median Sold Price Compared To Nearby Zip Codes

12208
+10.2%
12209
+8.9%
12054
+8.6%
12077
+2.9%
12202
-3.8%

Housing Supply in 12209, NY

How many homes are available in 12209, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4936-26.5%

Summary: The 12209 real estate market had 36 homes for sale in November 2024, a 26.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 85
-37.5%
3 1712
-29.4%
4 108
-20.0%
5+ 1411
-21.4%

Summary: The 12209 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 decreased by 37.5%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 21.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12209, 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 12209 in November 2024, down by 18.2% month-over-month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.

Days on Market for 12209, NY

How long does it take to sell a home in 12209, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
13 Days9 Days-23.9%

Summary: Homes in 12209 had an average of 9 days on market in Nov 2024, down by 23.9% compared to last year.

Breakdown of Home Sale Times

8 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 12209 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 9 homes were sold in 12209; 89% of homes were sold within 30 days, 11% 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 12209, NY

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