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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12547 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 12547 has remained a Seller's Market.

Key Takeaway

12547 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12547, NY

How much do homes in 12547, NY cost?

Median Sold Price

$460,000

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$45,000(+10.8%)

Key Takeaway

Homes in 12547 have sold for 10.8% more than they did a year ago.

Summary: The median home sold price in 12547 was $460,000 in December 2024, up 10.8% from last year, and the median price per square foot was $269.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $205.5K$358.5K
+74.4%
3 $415K$460K
+10.8%
4 $480K$451.5K
-5.9%
5+ $404K$495K
+22.5%

Summary: 12547 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 74.4%, 3 bedroom homes increased by 10.8%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 22.5%.

Median Sold Price Compared To Nearby Zip Codes

12542
+14.4%
12547
+10.8%
12528
+6.8%

Housing Supply in 12547, NY

How many homes are available in 12547, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1213+8.3%

Summary: The 12547 real estate market had 13 homes for sale in December 2024, a 8.3% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 77
0.0%
4 22
0.0%
5+ 22
0.0%

Summary: The 12547 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 12547 in December 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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

Dec 2023Dec 2024CHANGE
46 Days46 Days+0.7%

Summary: Homes in 12547 had an average of 46 days on market in Dec 2024, up by 0.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 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 12547 has remained consistent over time.

Summary: During December 2024, 4 homes were sold in 12547; 25% of homes were sold within 30 days, 50% 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 8 Days Ago

Newest Listings in 12547, NY

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