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 20 Days Ago

Newest Listings in 12414, NY

Nearby Markets to 12414, NY