Is 12586, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12586 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 12586 was a Seller's Market.

Key Takeaway

12586 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 12586, NY

How much do homes in 12586, NY cost?

Median Sold Price

$379,950

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$34,950(+10.1%)

Key Takeaway

Homes in 12586 have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in 12586 was $379,950 in October 2024, up 10.1% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $286.8K$289.9K
+1.1%
3 $330K$365K
+10.6%
4 $450.5K$400K
-11.2%
5+ $399K$452.5K
+13.4%

Summary: 12586 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 increased by 1.1%, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes increased by 13.4%.

Median Sold Price Compared To Nearby Zip Codes

12549
+23.1%
12575
+18.1%
12589
+12.5%
12586
+10.1%
12550
+6.8%

Housing Supply in 12586, NY

How many homes are available in 12586, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
74740.0%

Summary: The 12586 real estate market had 74 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 89
+12.5%
3 4036
-10.0%
4 1721
+23.5%
5+ 87
-12.5%

Summary: The 12586 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 12.5%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12586, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 12586 in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 12586, NY

How long does it take to sell a home in 12586, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
53 Days37 Days-30.6%

Summary: Homes in 12586 had an average of 37 days on market in Oct 2024, down by 30.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12586 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in 12586; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% 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 12586, NY

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