Is 12571, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12571 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 12571 was a Seller's Market.

Key Takeaway

12571 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 12571, NY

How much do homes in 12571, NY cost?

Median Sold Price

$555,000

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$70,000(+14.4%)

Key Takeaway

Homes in 12571 have sold for 14.4% more than they did a year ago.

Summary: The median home sold price in 12571 was $555,000 in November 2024, up 14.4% from last year, and the median price per square foot was $269.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$255K
N/A
2 $366K$408.5K
+11.6%
3 $450K$560K
+24.4%
4 $692K$568.1K
-17.9%
5+ $590K$799.5K
+35.5%

Summary: 12571 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 11.6%, 3 bedroom homes increased by 24.4%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes increased by 35.5%.

Median Sold Price Compared To Nearby Zip Codes

12571
+14.4%
12572
+2.0%

Housing Supply in 12571, NY

How many homes are available in 12571, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6145-26.2%

Summary: The 12571 real estate market had 45 homes for sale in November 2024, a 26.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 104
-60.0%
3 3224
-25.0%
4 1110
-9.1%
5+ 87
-12.5%

Summary: The 12571 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 60%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
117-36.4%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12571, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in 12571 in November 2024, down by 36.4% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.

Days on Market for 12571, NY

How long does it take to sell a home in 12571, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
45 Days49 Days+8.4%

Summary: Homes in 12571 had an average of 49 days on market in Nov 2024, up by 8.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12571 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in 12571; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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 21 Days Ago

Newest Listings in 12571, NY

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