Is 12466, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12466 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 12466 has remained a Seller's Market.

Key Takeaway

12466 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12466, NY

How much do homes in 12466, NY cost?

Median Sold Price

$345,000

$258/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$19,000(+5.8%)

Key Takeaway

Homes in 12466 have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in 12466 was $345,000 in December 2024, up 5.8% from last year, and the median price per square foot was $258.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $311K$310K
-0.3%
2 $331.9K$339K
+2.1%
3 $325K$280K
-13.8%
4 $350.7K$467K
+33.1%
5+ --
N/A

Summary: 12466 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.3%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes increased by 33.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

12572
+19.4%
12466
+5.8%
12401
+5.6%

Housing Supply in 12466, NY

How many homes are available in 12466, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2320-13.0%

Summary: The 12466 real estate market had 20 homes for sale in December 2024, a 13.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 24
+100.0%
2 96
-33.3%
3 66
0.0%
4 53
-40.0%
5+ 11
0.0%

Summary: The 12466 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
34+33.3%

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 12466, 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 12466 in December 2024, up by 33.3% 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 12466, NY

How long does it take to sell a home in 12466, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
27 Days126 Days+366.7%

Summary: Homes in 12466 had an average of 126 days on market in Dec 2024, up by 366.7% compared to last year.

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 12466 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 4 homes were sold in 12466; 0% of homes were sold within 30 days, 0% 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 2 Days Ago

Newest Listings in 12466, NY

Nearby Markets to 12466, NY