Is 12474, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12474 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 12474 was a Seller's Market.

Key Takeaway

12474 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 12474, NY

How much do homes in 12474, NY cost?

Median Sold Price

$282,500

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$45,000(-13.7%)

Key Takeaway

Homes in 12474 have sold for 13.7% less than they did a year ago.

Summary: The median home sold price in 12474 was $282,500 in November 2024, down 13.7% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $160K-
N/A
2 $325K$275K
-15.4%
3 $380K$265K
-30.3%
4 $530K$325K
-38.7%
5+ $255.7K-
N/A

Summary: 12474 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 30.3%, 4 bedroom homes decreased by 38.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

12167
+14.7%
12474
-13.7%

Housing Supply in 12474, NY

How many homes are available in 12474, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1617+6.3%

Summary: The 12474 real estate market had 17 homes for sale in November 2024, a 6.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 33
0.0%
3 78
+14.3%
4 33
0.0%
5+ 22
0.0%

Summary: The 12474 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

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 12474, 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 12474 in November 2024, the same as the previous 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 12474, NY

How long does it take to sell a home in 12474, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
78 Days160 Days+103.8%

Summary: Homes in 12474 had an average of 160 days on market in Nov 2024, up by 103.8% 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 12474 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 12474; 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 17 Days Ago

Newest Listings in 12474, NY

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