Is 12534, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12534 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 12534 was a Neutral Market.

Key Takeaway

12534 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 12534, NY

How much do homes in 12534, NY cost?

Median Sold Price

$577,500

$268/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$113,500(+24.5%)

Key Takeaway

Homes in 12534 have sold for 24.5% more than they did a year ago.

Summary: The median home sold price in 12534 was $577,500 in December 2024, up 24.5% from last year, and the median price per square foot was $268.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $900K$275K
-69.4%
2 $327.5K$444K
+35.6%
3 $430K$470K
+9.3%
4 $676.7K$760K
+12.3%
5+ $550K$994K
+80.7%

Summary: 12534 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 69.4%, 2 bedroom homes increased by 35.6%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 80.7%.

Median Sold Price Compared To Nearby Zip Codes

12534
+24.5%
12015
-10.1%

Housing Supply in 12534, NY

How many homes are available in 12534, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
103105+1.9%

Summary: The 12534 real estate market had 105 homes for sale in December 2024, a 1.9% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 1012
+20.0%
3 4748
+2.1%
4 2826
-7.1%
5+ 1718
+5.9%

Summary: The 12534 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 increased by 20%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 5.9%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
912+33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12534, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in 12534 in December 2024, up by 33.3% month-over-month. Of the 12 sold homes, 33% were sold under asking, 8% were sold at asking, and 58% were sold over asking.

Days on Market for 12534, NY

How long does it take to sell a home in 12534, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
69 Days38 Days-44.8%

Summary: Homes in 12534 had an average of 38 days on market in Dec 2024, down by 44.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12534 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 12 homes were sold in 12534; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% 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 12534, NY

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