Is 12404, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12404 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 12404 was a Buyer's Market.

Key Takeaway

12404 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 12404, NY

How much do homes in 12404, NY cost?

Median Sold Price

$799,000

$513/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$438,000(+121.3%)

Key Takeaway

Homes in 12404 have sold for 121.3% more than they did a month ago.

Summary: The median home sold price in 12404 was $799,000 in October 2024, up 121.3% from last month, and the median price per square foot was $513.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$452K
N/A
3 $520K$799K
+53.7%
4 -$1.2M
N/A
5+ $202K-
N/A

Summary: 12404 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 53.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

12404
+121.3%
12484
+97.4%
12525
+13.4%
12440
-43.1%

Housing Supply in 12404, NY

How many homes are available in 12404, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
18180.0%

Summary: The 12404 real estate market had 18 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1010
0.0%
4 34
+33.3%
5+ 21
-50.0%

Summary: The 12404 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12404, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 12404 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 12404, NY

How long does it take to sell a home in 12404, NY?

Average Sale Time

Sep 2024Oct 2024CHANGE
22 Days118 Days+436.4%

Summary: Homes in 12404 had an average of 118 days on market in Oct 2024, up by 436.4% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 12404 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in 12404; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 20 Days Ago

Newest Listings in 12404, NY

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