Is 12583, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12583 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 12583 was a Neutral Market.

Key Takeaway

12583 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12583, NY

How much do homes in 12583, NY cost?

Median Sold Price

$496,500

$390/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$138,500(-21.8%)

Key Takeaway

Homes in 12583 have sold for 21.8% less than they did a month ago.

Summary: The median home sold price in 12583 was $496,500 in November 2024, down 21.8% from last month, and the median price per square foot was $390.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$425K
N/A
3 $635K$568K
-10.6%
4 --
N/A
5+ --
N/A

Summary: 12583 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 10.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

12523
+416.1%
12583
-21.8%

Housing Supply in 12583, NY

How many homes are available in 12583, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
770.0%

Summary: The 12583 real estate market had 7 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 54
-20.0%
4 00
0.0%
5+ 01
+100.0%

Summary: The 12583 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

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 12583, 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 12583 in November 2024, up by 100.0% 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 12583, NY

How long does it take to sell a home in 12583, NY?

Average Sale Time

Oct 2024Nov 2024CHANGE
152 Days15 Days-90.1%

Summary: Homes in 12583 had an average of 15 days on market in Nov 2024, down by 90.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12583 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 12583; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 12583, NY

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