Is 12487, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12487 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 12487 has remained a Seller's Market.

Key Takeaway

12487 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12487, NY

How much do homes in 12487, NY cost?

Median Sold Price

$500,000

$181/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$271,000(+118.3%)

Key Takeaway

Homes in 12487 have sold for 118.3% more than they did a month ago.

Summary: The median home sold price in 12487 was $500,000 in December 2024, up 118.3% from last month, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 -$349.2K
N/A
3 $229K-
N/A
4 --
N/A
5+ -$564.5K
N/A

Summary: 12487 housing prices by bedroom type for December 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 12487, NY

How many homes are available in 12487, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1211-8.3%

Summary: The 12487 real estate market had 11 homes for sale in December 2024, a 8.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 22
0.0%
3 63
-50.0%
4 24
+100.0%
5+ 22
0.0%

Summary: The 12487 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
330.0%

Asking Price vs. Sold Price

3 Homes Were 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 12487, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 12487 in December 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 12487, NY

How long does it take to sell a home in 12487, NY?

Average Sale Time

Nov 2024Dec 2024CHANGE
27 Days105 Days+288.9%

Summary: Homes in 12487 had an average of 105 days on market in Dec 2024, up by 288.9% 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 12487 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 3 homes were sold in 12487; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 8 Days Ago

Newest Listings in 12487, NY

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