Is 12594, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12594 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 12594 was a Neutral Market.

Key Takeaway

12594 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 12594, NY

How much do homes in 12594, NY cost?

Median Sold Price

$421,250

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$56,250(+15.4%)

Key Takeaway

Homes in 12594 have sold for 15.4% more than they did a year ago.

Summary: The median home sold price in 12594 was $421,250 in October 2024, up 15.4% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $240K$264K
+10.0%
3 $385K$405K
+5.2%
4 $495K$460K
-7.1%
5+ $365K$500K
+37.0%

Summary: 12594 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 10%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 37%.

Median Sold Price Compared To Nearby Zip Codes

12564
+29.1%
12594
+15.4%
06784
+4.2%
12570
-2.0%
12522
-17.6%

Housing Supply in 12594, NY

How many homes are available in 12594, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
22220.0%

Summary: The 12594 real estate market had 22 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1514
-6.7%
4 33
0.0%
5+ 11
0.0%

Summary: The 12594 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 33.3%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12594, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 12594 in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 12594, NY

How long does it take to sell a home in 12594, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
139 Days35 Days-74.3%

Summary: Homes in 12594 had an average of 35 days on market in Oct 2024, down by 74.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 12594 has remained consistent over time.

Summary: During October 2024, 3 homes were sold in 12594; 33% of homes were sold within 30 days, 67% 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 15 Days Ago

Newest Listings in 12594, NY

Nearby Markets to 12594, NY