Is 12491, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12491 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 12491 has remained a Seller's Market.

Key Takeaway

12491 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12491, NY

How much do homes in 12491, NY cost?

Median Sold Price

$515,000

$264/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$153,000(-22.9%)

Key Takeaway

Homes in 12491 have sold for 22.9% less than they did a month ago.

Summary: The median home sold price in 12491 was $515,000 in November 2024, down 22.9% from last month, and the median price per square foot was $264.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $519.5K-
N/A
3 -$600K
N/A
4 $668K$515K
-22.9%
5+ --
N/A

Summary: 12491 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 did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 22.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

12443
+57.6%
12498
+1.7%
12491
-22.9%

Housing Supply in 12491, NY

How many homes are available in 12491, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
98-11.1%

Summary: The 12491 real estate market had 8 homes for sale in November 2024, a 11.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 34
+33.3%
4 44
0.0%
5+ 00
0.0%

Summary: The 12491 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 decreased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 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 12491, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 12491 in November 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 12491, NY

How long does it take to sell a home in 12491, NY?

Average Sale Time

Oct 2024Nov 2024CHANGE
36 Days59 Days+63.9%

Summary: Homes in 12491 had an average of 59 days on market in Nov 2024, up by 63.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 12491 has remained consistent over time.

Summary: During November 2024, 3 homes were sold in 12491; 0% of homes were sold within 30 days, 100% 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 21 Days Ago

Newest Listings in 12491, NY

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