Is 12570, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12570 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 12570 was a Buyer's Market.

Key Takeaway

12570 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12570, NY

How much do homes in 12570, NY cost?

Median Sold Price

$480,000

$233/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$10,000(-2.0%)

Key Takeaway

Homes in 12570 have sold for 2% less than they did a year ago.

Summary: The median home sold price in 12570 was $480,000 in October 2024, down 2% from last year, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $400K$396K
-1.0%
3 $459.5K$480K
+4.5%
4 $572.5K$560K
-2.2%
5+ $1.8M$449K
-75.7%

Summary: 12570 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 decreased by 1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 75.7%.

Median Sold Price Compared To Nearby Zip Codes

12564
+29.1%
12540
+20.9%
12533
+8.9%
12570
-2.0%

Housing Supply in 12570, NY

How many homes are available in 12570, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2729+7.4%

Summary: The 12570 real estate market had 29 homes for sale in October 2024, a 7.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 25
+150.0%
3 1512
-20.0%
4 912
+33.3%
5+ 10
-100.0%

Summary: The 12570 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 increased by 150%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
59+80.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12570, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 12570 in October 2024, up by 80.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.

Days on Market for 12570, NY

How long does it take to sell a home in 12570, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
57 Days64 Days+12.8%

Summary: Homes in 12570 had an average of 64 days on market in Oct 2024, up by 12.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

6 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 12570 has remained consistent over time.

Summary: During October 2024, 9 homes were sold in 12570; 11% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 22% 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 12570, NY

Nearby Markets to 12570, NY