Is 12302, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12302 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 12302 has remained a Seller's Market.

Key Takeaway

12302 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12302, NY

How much do homes in 12302, NY cost?

Median Sold Price

$287,308

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$24,750(+9.4%)

Key Takeaway

Homes in 12302 have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in 12302 was $287,308 in November 2024, up 9.4% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $98.5K$172.5K
+75.1%
2 $195K$210K
+7.7%
3 $260K$283.2K
+8.9%
4 $332.5K$330K
-0.8%
5+ $335K$350K
+4.5%

Summary: 12302 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 75.1%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 4.5%.

Median Sold Price Compared To Nearby Zip Codes

12302
+9.4%
12027
-8.6%

Housing Supply in 12302, NY

How many homes are available in 12302, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
11174-33.3%

Summary: The 12302 real estate market had 74 homes for sale in November 2024, a 33.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 98
-11.1%
3 6339
-38.1%
4 3322
-33.3%
5+ 65
-16.7%

Summary: The 12302 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 11.1%, 3 bedroom homes decreased by 38.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3223-28.1%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12302, you could pay more than the asking price. 56.5% of homes here sold above asking price last month.

Summary: A total of 23 homes were sold or pending in 12302 in November 2024, down by 28.1% month-over-month. Of the 23 sold homes, 39% were sold under asking, 4% were sold at asking, and 57% were sold over asking.

Days on Market for 12302, NY

How long does it take to sell a home in 12302, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
21 Days24 Days+11.2%

Summary: Homes in 12302 had an average of 24 days on market in Nov 2024, up by 11.2% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12302 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 23 homes were sold in 12302; 70% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 4% 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 17 Days Ago

Newest Listings in 12302, NY

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