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 November 2023

At the same time last year, 12542 was a Seller'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

$455,000

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$55,000(+13.8%)

Key Takeaway

Homes in 12542 have sold for 13.8% more than they did a year ago.

Summary: The median home sold price in 12542 was $455,000 in November 2024, up 13.8% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $225K$261.5K
+16.2%
3 $395K$445K
+12.6%
4 $522K$499.5K
-4.3%
5+ $435K$649.9K
+49.4%

Summary: 12542 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 16.2%, 3 bedroom homes increased by 12.6%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 49.4%.

Median Sold Price Compared To Nearby Zip Codes

12542
+13.8%
12601
+12.6%
12547
+9.9%
12590
+8.3%
12550
+7.6%

Housing Supply in 12542, NY

How many homes are available in 12542, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3834-10.5%

Summary: The 12542 real estate market had 34 homes for sale in November 2024, a 10.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 11
0.0%
3 2116
-23.8%
4 910
+11.1%
5+ 65
-16.7%

Summary: The 12542 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 23.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
440.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12542, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 12542 in November 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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

Nov 2023Nov 2024CHANGE
55 Days42 Days-23.2%

Summary: Homes in 12542 had an average of 42 days on market in Nov 2024, down by 23.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 November 2024, 4 homes were sold in 12542; 25% of homes were sold within 30 days, 75% 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 17 Days Ago

Newest Listings in 12542, NY

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