Is 12428, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12428 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 12428 was a Seller's Market.

Key Takeaway

12428 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 12428, NY

How much do homes in 12428, NY cost?

Median Sold Price

$271,250

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$6,250(+2.4%)

Key Takeaway

Homes in 12428 have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in 12428 was $271,250 in October 2024, up 2.4% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$285.5K
N/A
2 $180K$192.5K
+6.9%
3 $253K$270K
+6.7%
4 $292.5K$210K
-28.2%
5+ $325K$380K
+16.9%

Summary: 12428 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 6.9%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 28.2%, and 5+ bedroom homes increased by 16.9%.

Housing Supply in 12428, NY

How many homes are available in 12428, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3840+5.3%

Summary: The 12428 real estate market had 40 homes for sale in October 2024, a 5.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 1717
0.0%
4 79
+28.6%
5+ 1011
+10.0%

Summary: The 12428 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 decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

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 12428, 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 12428 in October 2024, down by 25.0% 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 12428, NY

How long does it take to sell a home in 12428, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
101 Days51 Days-49.9%

Summary: Homes in 12428 had an average of 51 days on market in Oct 2024, down by 49.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12428 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 12428; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 12428, NY

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