Is 12525, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12525 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 12525 was a Seller's Market.

Key Takeaway

12525 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 12525, NY

How much do homes in 12525, NY cost?

Median Sold Price

$475,000

$327/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$95,000(-16.7%)

Key Takeaway

Homes in 12525 have sold for 16.7% less than they did a year ago.

Summary: The median home sold price in 12525 was $475,000 in November 2024, down 16.7% from last year, and the median price per square foot was $327.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $657K-
N/A
2 $172.5K$505K
+192.8%
3 $547.5K$475K
-13.2%
4 $663.5K$509.7K
-23.2%
5+ $560K-
N/A

Summary: 12525 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 192.8%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes decreased by 23.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

12548
+23.8%
12589
+12.5%
12561
-0.8%
12525
-16.7%

Housing Supply in 12525, NY

How many homes are available in 12525, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
128-33.3%

Summary: The 12525 real estate market had 8 homes for sale in November 2024, a 33.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 42
-50.0%
4 44
0.0%
5+ 32
-33.3%

Summary: The 12525 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 decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 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 12525, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 12525 in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 12525, NY

We’re sorry, we don't have information for this market at the moment

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12525 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 12525; 100% of homes were sold within 30 days, 0% 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 12525, NY

Nearby Markets to 12525, NY