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

Since last month, 12477 has remained a Buyer'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

$947,500

$294/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$478,000(+101.8%)

Key Takeaway

Homes in 12477 have sold for 101.8% more than they did a month ago.

Summary: The median home sold price in 12477 was $947,500 in November 2024, up 101.8% from last month, and the median price per square foot was $294.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $314K$664K
+111.5%
3 $511K$1.3M
+164.2%
4 $549K-
N/A
5+ -$947.5K
N/A

Summary: 12477 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 increased by 111.5%, 3 bedroom homes increased by 164.2%, 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

Oct 2024Nov 2024CHANGE
3836-5.3%

Summary: The 12477 real estate market had 36 homes for sale in November 2024, a 5.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 66
0.0%
3 1515
0.0%
4 108
-20.0%
5+ 66
0.0%

Summary: The 12477 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 remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

3 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. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 12477 in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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

Oct 2024Nov 2024CHANGE
36 Days56 Days+54.0%

Summary: Homes in 12477 had an average of 56 days on market in Nov 2024, up by 54% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 12477 has remained consistent over time.

Summary: During November 2024, 5 homes were sold in 12477; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% 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 12477, NY

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