Is 12564, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12564 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 12564 was a Seller's Market.

Key Takeaway

12564 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 12564, NY

How much do homes in 12564, NY cost?

Median Sold Price

$519,500

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$117,000(+29.1%)

Key Takeaway

Homes in 12564 have sold for 29.1% more than they did a year ago.

Summary: The median home sold price in 12564 was $519,500 in October 2024, up 29.1% from last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $405K-
N/A
2 $342.5K$368.5K
+7.6%
3 $428K$485K
+13.3%
4 $569.5K$565K
-0.8%
5+ $450K$760K
+68.9%

Summary: 12564 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 68.9%.

Median Sold Price Compared To Nearby Zip Codes

12564
+29.1%
12594
+15.4%
12531
+10.9%
06784
+4.2%
12570
-2.0%

Housing Supply in 12564, NY

How many homes are available in 12564, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3940+2.6%

Summary: The 12564 real estate market had 40 homes for sale in October 2024, a 2.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 63
-50.0%
3 1413
-7.1%
4 1318
+38.5%
5+ 66
0.0%

Summary: The 12564 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 decreased by 50%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
64-33.3%

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 12564, 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 12564 in October 2024, down by 33.3% month-over-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 12564, NY

How long does it take to sell a home in 12564, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
46 Days60 Days+30.5%

Summary: Homes in 12564 had an average of 60 days on market in Oct 2024, up by 30.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 12564 has remained consistent over time.

Summary: During October 2024, 4 homes were sold in 12564; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% 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 14 Days Ago

Newest Listings in 12564, NY

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