Is 12547, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12547 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 12547 was a Seller's Market.

Key Takeaway

12547 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 12547, NY

How much do homes in 12547, NY cost?

Median Sold Price

$450,000

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$40,500(+9.9%)

Key Takeaway

Homes in 12547 have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in 12547 was $450,000 in November 2024, up 9.9% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $126.1K$350K
+177.6%
3 $370K$450K
+21.6%
4 $477.5K$501.1K
+4.9%
5+ $404K$495K
+22.5%

Summary: 12547 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 177.6%, 3 bedroom homes increased by 21.6%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 22.5%.

Median Sold Price Compared To Nearby Zip Codes

12542
+13.8%
12547
+9.9%
12528
+5.8%

Housing Supply in 12547, NY

How many homes are available in 12547, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1413-7.1%

Summary: The 12547 real estate market had 13 homes for sale in November 2024, a 7.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 109
-10.0%
4 22
0.0%
5+ 12
+100.0%

Summary: The 12547 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 decreased by 100%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12547, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 12547 in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 12547, NY

How long does it take to sell a home in 12547, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
57 Days113 Days+96.5%

Summary: Homes in 12547 had an average of 113 days on market in Nov 2024, up by 96.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 12547 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in 12547; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 3 Days Ago

Newest Listings in 12547, NY

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