Is 12414, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12414 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 12414 was a Buyer's Market.

Key Takeaway

12414 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12414, NY

How much do homes in 12414, NY cost?

Median Sold Price

$354,500

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$59,000(+20.0%)

Key Takeaway

Homes in 12414 have sold for 20% more than they did a year ago.

Summary: The median home sold price in 12414 was $354,500 in October 2024, up 20% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $146K$283.2K
+94.0%
3 $295.5K$315K
+6.6%
4 $332.5K$485K
+45.9%
5+ $406K$656.5K
+61.7%

Summary: 12414 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 94%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 45.9%, and 5+ bedroom homes increased by 61.7%.

Median Sold Price Compared To Nearby Zip Codes

12414
+20.0%
12015
-50.0%

Housing Supply in 12414, NY

How many homes are available in 12414, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1821+16.7%

Summary: The 12414 real estate market had 21 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 79
+28.6%
4 66
0.0%
5+ 44
0.0%

Summary: The 12414 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 increased by 100%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12414, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 12414 in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 12414, NY

How long does it take to sell a home in 12414, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days73 Days+243.0%

Summary: Homes in 12414 had an average of 73 days on market in Oct 2024, up by 243% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 12414 has remained consistent over time.

Summary: During October 2024, 4 homes were sold in 12414; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 12414, NY

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