Is 12477, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12477 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 12477 was a Seller's Market.

Key Takeaway

12477 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 12477, NY

How much do homes in 12477, NY cost?

Median Sold Price

$469,500

$244/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$64,750(+16.0%)

Key Takeaway

Homes in 12477 have sold for 16% more than they did a month ago.

Summary: The median home sold price in 12477 was $469,500 in October 2024, up 16% from last month, and the median price per square foot was $244.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $403K-
N/A
2 $406.5K$314K
-22.8%
3 $433.7K$511K
+17.8%
4 -$549K
N/A
5+ --
N/A

Summary: 12477 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.8%, 3 bedroom homes increased by 17.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 12477, NY

How many homes are available in 12477, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4846-4.2%

Summary: The 12477 real estate market had 46 homes for sale in October 2024, a 4.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 137
-46.2%
3 1818
0.0%
4 1012
+20.0%
5+ 69
+50.0%

Summary: The 12477 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 46.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
124-66.7%

Asking Price vs. Sold Price

2 Homes Were 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 12477, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 12477 in October 2024, down by 66.7% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 12477, NY

How long does it take to sell a home in 12477, NY?

Average Sale Time

Sep 2024Oct 2024CHANGE
57 Days36 Days-36.2%

Summary: Homes in 12477 had an average of 36 days on market in Oct 2024, down by 36.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12477 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 12477; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 14 Days Ago

Newest Listings in 12477, NY

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