Is 12520, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12520 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 12520 has remained a Seller's Market.

Key Takeaway

12520 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12520, NY

How much do homes in 12520, NY cost?

Median Sold Price

$540,000

$291/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$65,000(+13.7%)

Key Takeaway

Homes in 12520 have sold for 13.7% more than they did a year ago.

Summary: The median home sold price in 12520 was $540,000 in December 2024, up 13.7% from last year, and the median price per square foot was $291.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $200.7K$245K
+22.0%
2 $368.7K$395K
+7.1%
3 $475K$527.5K
+11.1%
4 $600K$599.5K
-0.1%
5+ $595K$635K
+6.7%

Summary: 12520 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 6.7%.

Median Sold Price Compared To Nearby Zip Codes

12520
+13.7%
12553
+11.9%
12518
+5.4%
10516
-4.7%

Housing Supply in 12520, NY

How many homes are available in 12520, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
158-46.7%

Summary: The 12520 real estate market had 8 homes for sale in December 2024, a 46.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 53
-40.0%
4 31
-66.7%
5+ 42
-50.0%

Summary: The 12520 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 decreased by 33.3%, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
53-40.0%

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 12520, 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 12520 in December 2024, down by 40.0% month-over-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 12520, NY

How long does it take to sell a home in 12520, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
50 Days63 Days+25.8%

Summary: Homes in 12520 had an average of 63 days on market in Dec 2024, up by 25.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12520 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 3 homes were sold in 12520; 33% of homes were sold within 30 days, 33% 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 5 Days Ago

Newest Listings in 12520, NY

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