Is 12538, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12538 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 12538 has remained a Buyer's Market.

Key Takeaway

12538 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 12538, NY

How much do homes in 12538, NY cost?

Median Sold Price

$380,000

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,499(+4.8%)

Key Takeaway

Homes in 12538 have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in 12538 was $380,000 in October 2024, up 4.8% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$280.5K
N/A
2 $329.9K$281.2K
-14.8%
3 $353.7K$394K
+11.4%
4 $395K$407.5K
+3.2%
5+ $424.4K$594.5K
+40.1%

Summary: 12538 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.8%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 40.1%.

Median Sold Price Compared To Nearby Zip Codes

12580
+31.6%
12538
+4.8%

Housing Supply in 12538, NY

How many homes are available in 12538, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6076+26.7%

Summary: The 12538 real estate market had 76 homes for sale in October 2024, a 26.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 69
+50.0%
3 3542
+20.0%
4 1520
+33.3%
5+ 23
+50.0%

Summary: The 12538 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 increased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
69+50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12538, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 12538 in October 2024, up by 50.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.

Days on Market for 12538, NY

How long does it take to sell a home in 12538, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
46 Days55 Days+18.5%

Summary: Homes in 12538 had an average of 55 days on market in Oct 2024, up by 18.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 12538 has remained consistent over time.

Summary: During October 2024, 9 homes were sold in 12538; 22% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 11% 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 14 Days Ago

Newest Listings in 12538, NY

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