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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12525 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 12525 was a Neutral Market.

Key Takeaway

12525 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12525, NY

How much do homes in 12525, NY cost?

Median Sold Price

$445,000

$342/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$52,500(+13.4%)

Key Takeaway

Homes in 12525 have sold for 13.4% more than they did a month ago.

Summary: The median home sold price in 12525 was $445,000 in October 2024, up 13.4% from last month, and the median price per square foot was $342.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $335K$364K
+8.7%
3 $450K$460K
+2.2%
4 --
N/A
5+ --
N/A

Summary: 12525 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

12525
+13.4%
12440
-43.1%

Housing Supply in 12525, NY

How many homes are available in 12525, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
12120.0%

Summary: The 12525 real estate market had 12 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 65
-16.7%
4 34
+33.3%
5+ 12
+100.0%

Summary: The 12525 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were 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. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 12525 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for 12525, NY

How long does it take to sell a home in 12525, NY?

Average Sale Time

Sep 2024Oct 2024CHANGE
18 Days38 Days+111.1%

Summary: Homes in 12525 had an average of 38 days on market in Oct 2024, up by 111.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 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 12525 has remained consistent over time.

Summary: During October 2024, 3 homes were sold in 12525; 33% of homes were sold within 30 days, 67% 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 20 Days Ago

Newest Listings in 12525, NY

Nearby Markets to 12525, NY