Is 12581, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12581 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 12581 was a Seller's Market.

Key Takeaway

12581 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 12581, NY

How much do homes in 12581, NY cost?

Median Sold Price

$570,000

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$182,500(+47.1%)

Key Takeaway

Homes in 12581 have sold for 47.1% more than they did a year ago.

Summary: The median home sold price in 12581 was $570,000 in November 2024, up 47.1% from last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $315K$335K
+6.3%
3 $390K$535K
+37.2%
4 $427.5K$688.7K
+61.1%
5+ -$2.8M
N/A

Summary: 12581 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 6.3%, 3 bedroom homes increased by 37.2%, 4 bedroom homes increased by 61.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

12545
+58.1%
12581
+47.1%
12567
+19.9%

Housing Supply in 12581, NY

How many homes are available in 12581, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2116-23.8%

Summary: The 12581 real estate market had 16 homes for sale in November 2024, a 23.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 11
0.0%
3 75
-28.6%
4 87
-12.5%
5+ 43
-25.0%

Summary: The 12581 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12581, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 12581 in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 12581, NY

How long does it take to sell a home in 12581, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
33 Days102 Days+209.1%

Summary: Homes in 12581 had an average of 102 days on market in Nov 2024, up by 209.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was 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 12581 has remained consistent over time.

Summary: During November 2024, 2 homes were sold in 12581; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 17 Days Ago

Newest Listings in 12581, NY

Nearby Markets to 12581, NY