Is 12305, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12305 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 12305 was a Buyer's Market.

Key Takeaway

12305 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 12305, NY

How much do homes in 12305, NY cost?

Median Sold Price

$295,000

$123/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$90,050(+43.9%)

Key Takeaway

Homes in 12305 have sold for 43.9% more than they did a year ago.

Summary: The median home sold price in 12305 was $295,000 in October 2024, up 43.9% from last year, and the median price per square foot was $123.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $199K$299.9K
+50.7%
3 $199.9K$175K
-12.5%
4 $161.9K$300K
+85.2%
5+ $330K$335.5K
+1.7%

Summary: 12305 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 increased by 50.7%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 85.2%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Zip Codes

12305
+43.9%
12303
+13.0%
12306
+5.5%
12307
+4.6%
12308
+3.6%

Housing Supply in 12305, NY

How many homes are available in 12305, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
20200.0%

Summary: The 12305 real estate market had 20 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 77
0.0%
3 44
0.0%
4 22
0.0%
5+ 65
-16.7%

Summary: The 12305 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
03+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12305, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 12305 in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 12305, NY

How long does it take to sell a home in 12305, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
11 Days7 Days-33.3%

Summary: Homes in 12305 had an average of 7 days on market in Oct 2024, down by 33.3% compared to last year.

Breakdown of Home Sale Times

3 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 12305 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 12305; 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 4 Days Ago

Newest Listings in 12305, NY

Nearby Markets to 12305, NY