Is 12514, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12514 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 12514 has remained a Seller's Market.

Key Takeaway

12514 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12514, NY

How much do homes in 12514, NY cost?

Median Sold Price

$517,550

$249/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$52,450(-9.2%)

Key Takeaway

Homes in 12514 have sold for 9.2% less than they did a year ago.

Summary: The median home sold price in 12514 was $517,550 in December 2024, down 9.2% from last year, and the median price per square foot was $249.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $569.5K-
N/A
2 $675K$325K
-51.9%
3 $474K$525K
+10.8%
4 $639K$581K
-9.1%
5+ $3.2M$500K
-84.4%

Summary: 12514 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 51.9%, 3 bedroom homes increased by 10.8%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 84.4%.

Median Sold Price Compared To Nearby Zip Codes

12572
+19.4%
12514
-9.2%

Housing Supply in 12514, NY

How many homes are available in 12514, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2824-14.3%

Summary: The 12514 real estate market had 24 homes for sale in December 2024, a 14.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1210
-16.7%
4 97
-22.2%
5+ 55
0.0%

Summary: The 12514 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 16.7%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12514, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 12514 in December 2024, up by 133.3% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for 12514, NY

How long does it take to sell a home in 12514, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
30 Days79 Days+158.7%

Summary: Homes in 12514 had an average of 79 days on market in Dec 2024, up by 158.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 12514 has remained consistent over time.

Summary: During December 2024, 7 homes were sold in 12514; 0% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 29% 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 2 Days Ago

Newest Listings in 12514, NY

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