Is 12542, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12542 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 12542 has remained a Buyer's Market.

Key Takeaway

12542 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 12542, NY

How much do homes in 12542, NY cost?

Median Sold Price

$442,500

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$39,000(+9.7%)

Key Takeaway

Homes in 12542 have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in 12542 was $442,500 in October 2024, up 9.7% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $225K$255K
+13.3%
3 $390K$435K
+11.5%
4 $525K$504.5K
-3.9%
5+ $435K$649.9K
+49.4%

Summary: 12542 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 increased by 13.3%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 49.4%.

Median Sold Price Compared To Nearby Zip Codes

12601
+15.9%
12542
+9.7%
12590
+9.2%
12547
+8.3%
12550
+6.8%

Housing Supply in 12542, NY

How many homes are available in 12542, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3640+11.1%

Summary: The 12542 real estate market had 40 homes for sale in October 2024, a 11.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 11
0.0%
3 2121
0.0%
4 810
+25.0%
5+ 67
+16.7%

Summary: The 12542 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12542, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 12542 in October 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.

Days on Market for 12542, NY

How long does it take to sell a home in 12542, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
110 Days58 Days-46.7%

Summary: Homes in 12542 had an average of 58 days on market in Oct 2024, down by 46.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 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 12542 has remained consistent over time.

Summary: During October 2024, 3 homes were sold in 12542; 0% of homes were sold within 30 days, 100% 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 14 Days Ago

Newest Listings in 12542, NY

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