Is 12601, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12601 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 12601 was a Seller's Market.

Key Takeaway

12601 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 12601, NY

How much do homes in 12601, NY cost?

Median Sold Price

$364,999

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$49,999(+15.9%)

Key Takeaway

Homes in 12601 have sold for 15.9% more than they did a year ago.

Summary: The median home sold price in 12601 was $364,999 in October 2024, up 15.9% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $139.9K$140K
0.1%
2 $239.5K$305K
+27.3%
3 $325K$350K
+7.7%
4 $352.7K$405K
+14.8%
5+ $405K$443K
+9.4%

Summary: 12601 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 9.4%.

Median Sold Price Compared To Nearby Zip Codes

12601
+15.9%
12569
+11.4%
12590
+9.2%
12603
+5.2%
12538
+4.8%

Housing Supply in 12601, NY

How many homes are available in 12601, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
139140+0.7%

Summary: The 12601 real estate market had 140 homes for sale in October 2024, a 0.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 77
0.0%
2 1620
+25.0%
3 5046
-8.0%
4 4142
+2.4%
5+ 2525
0.0%

Summary: The 12601 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 25%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2122+4.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12601, you may be able to get a good deal. 40.9% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 12601 in October 2024, up by 4.8% month-over-month. Of the 22 sold homes, 41% were sold under asking, 27% were sold at asking, and 32% were sold over asking.

Days on Market for 12601, NY

How long does it take to sell a home in 12601, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
72 Days53 Days-26.0%

Summary: Homes in 12601 had an average of 53 days on market in Oct 2024, down by 26% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 12601 has remained consistent over time.

Summary: During October 2024, 22 homes were sold in 12601; 27% of homes were sold within 30 days, 59% 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 14 Days Ago

Newest Listings in 12601, NY

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