Is 12304, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12304 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 12304 has remained a Seller's Market.

Key Takeaway

12304 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12304, NY

How much do homes in 12304, NY cost?

Median Sold Price

$230,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$24,500(+11.9%)

Key Takeaway

Homes in 12304 have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in 12304 was $230,000 in December 2024, up 11.9% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$113.5K
N/A
2 $175.7K$190K
+8.1%
3 $200K$240K
+20.0%
4 $245K$267.5K
+9.2%
5+ $225K$260K
+15.6%

Summary: 12304 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 increased by 8.1%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 15.6%.

Median Sold Price Compared To Nearby Zip Codes

12304
+11.9%
12303
+10.7%
12308
+10.3%
12309
+8.7%
12307
0.0%

Housing Supply in 12304, NY

How many homes are available in 12304, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
7865-16.7%

Summary: The 12304 real estate market had 65 homes for sale in December 2024, a 16.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 147
-50.0%
3 3130
-3.2%
4 2118
-14.3%
5+ 1210
-16.7%

Summary: The 12304 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 decreased by 50%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1923+21.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12304, you could pay more than the asking price. 52.2% of homes here sold above asking price last month.

Summary: A total of 23 homes were sold or pending in 12304 in December 2024, up by 21.1% month-over-month. Of the 23 sold homes, 35% were sold under asking, 13% were sold at asking, and 52% were sold over asking.

Days on Market for 12304, NY

How long does it take to sell a home in 12304, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
33 Days13 Days-59.8%

Summary: Homes in 12304 had an average of 13 days on market in Dec 2024, down by 59.8% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12304 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 23 homes were sold in 12304; 87% of homes were sold within 30 days, 13% 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 6 Days Ago

Newest Listings in 12304, NY

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