Is 12566, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12566 is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 12566 was a Buyer's Market.

Key Takeaway

12566 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12566, NY

How much do homes in 12566, NY cost?

Median Sold Price

$400,000

$240/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$10,000(+2.6%)

Key Takeaway

Homes in 12566 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 12566 was $400,000 in December 2024, up 2.6% from last year, and the median price per square foot was $240.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $185.2K$259K
+39.8%
2 $279.5K$275K
-1.6%
3 $390K$425K
+9.0%
4 $489K$485K
-0.8%
5+ $539.5K$605K
+12.1%

Summary: 12566 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.8%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 12.1%.

Median Sold Price Compared To Nearby Zip Codes

12549
+22.1%
12589
+6.5%
12566
+2.6%

Housing Supply in 12566, NY

How many homes are available in 12566, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6351-19.0%

Summary: The 12566 real estate market had 51 homes for sale in December 2024, a 19.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 32
-33.3%
2 1010
0.0%
3 2821
-25.0%
4 1410
-28.6%
5+ 88
0.0%

Summary: The 12566 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
11110.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12566, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in 12566 in December 2024, the same as the previous month. Of the 11 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% were sold over asking.

Days on Market for 12566, NY

How long does it take to sell a home in 12566, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
67 Days56 Days-16.6%

Summary: Homes in 12566 had an average of 56 days on market in Dec 2024, down by 16.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 12566 has remained consistent over time.

Summary: During December 2024, 11 homes were sold in 12566; 18% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 18% 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 2 Days Ago

Newest Listings in 12566, NY

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