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 October 2023

Since last year, 12545 has remained a Buyer's 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

$691,000

$284/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$238,500(+52.7%)

Key Takeaway

Homes in 12545 have sold for 52.7% more than they did a year ago.

Summary: The median home sold price in 12545 was $691,000 in October 2024, up 52.7% from last year, and the median price per square foot was $284.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $420K$750K
+78.6%
2 $335K$482K
+43.9%
3 $461.2K$563K
+22.1%
4 $980K$1.0M
+9.7%
5+ $577.5K$985K
+70.6%

Summary: 12545 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78.6%, 2 bedroom homes increased by 43.9%, 3 bedroom homes increased by 22.1%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 70.6%.

Median Sold Price Compared To Nearby Zip Codes

12545
+52.7%
12522
-17.6%

Housing Supply in 12545, NY

How many homes are available in 12545, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3441+20.6%

Summary: The 12545 real estate market had 41 homes for sale in October 2024, a 20.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1215
+25.0%
4 610
+66.7%
5+ 1414
0.0%

Summary: The 12545 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

2 Homes Were 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 12545, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 12545 in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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

Oct 2023Oct 2024CHANGE
31 Days48 Days+57.4%

Summary: Homes in 12545 had an average of 48 days on market in Oct 2024, up by 57.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 5 homes were sold in 12545; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 15 Days Ago

Newest Listings in 12545, NY

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