Is 12440, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12440 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 12440 was a Seller's Market.

Key Takeaway

12440 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 12440, NY

How much do homes in 12440, NY cost?

Median Sold Price

$258,000

$278/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$262,500(-50.4%)

Key Takeaway

Homes in 12440 have sold for 50.4% less than they did a month ago.

Summary: The median home sold price in 12440 was $258,000 in November 2024, down 50.4% from last month, and the median price per square foot was $278.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $520.5K$258K
-50.4%
4 --
N/A
5+ --
N/A

Summary: 12440 housing prices by bedroom type for November 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 decreased by 50.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

12484
+38.2%
12440
-50.4%

Housing Supply in 12440, NY

How many homes are available in 12440, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
107-30.0%

Summary: The 12440 real estate market had 7 homes for sale in November 2024, a 30.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 76
-14.3%
4 00
0.0%
5+ 11
0.0%

Summary: The 12440 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12440, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 12440 in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 12440, NY

How long does it take to sell a home in 12440, NY?

Average Sale Time

Oct 2024Nov 2024CHANGE
87 Days198 Days+126.3%

Summary: Homes in 12440 had an average of 198 days on market in Nov 2024, up by 126.3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 12440 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in 12440; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 10 Days Ago

Newest Listings in 12440, NY

Nearby Markets to 12440, NY