Is 12545, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12545 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 12545 was a Neutral Market.

Key Takeaway

12545 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 12545, NY

How much do homes in 12545, NY cost?

Median Sold Price

$731,000

$297/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$268,500(+58.1%)

Key Takeaway

Homes in 12545 have sold for 58.1% more than they did a year ago.

Summary: The median home sold price in 12545 was $731,000 in November 2024, up 58.1% from last year, and the median price per square foot was $297.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $420K$750K
+78.6%
2 $345K$526K
+52.5%
3 $497.5K$461K
-7.3%
4 $1.3M$1.0M
-17.3%
5+ $700K$985K
+40.7%

Summary: 12545 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78.6%, 2 bedroom homes increased by 52.5%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 17.3%, and 5+ bedroom homes increased by 40.7%.

Median Sold Price Compared To Nearby Zip Codes

12545
+58.1%
12578
+18.2%
12522
-6.5%

Housing Supply in 12545, NY

How many homes are available in 12545, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3936-7.7%

Summary: The 12545 real estate market had 36 homes for sale in November 2024, a 7.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1411
-21.4%
4 1010
0.0%
5+ 1312
-7.7%

Summary: The 12545 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12545, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 12545 in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 12545, NY

How long does it take to sell a home in 12545, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
81 Days11 Days-85.8%

Summary: Homes in 12545 had an average of 11 days on market in Nov 2024, down by 85.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12545 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 12545; 100% of homes were sold within 30 days, 0% 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 12545, NY

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