Is 12723, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12723 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 12723 was a Neutral Market.

Key Takeaway

12723 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12723, NY

How much do homes in 12723, NY cost?

Median Sold Price

$315,000

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$9,000(-2.8%)

Key Takeaway

Homes in 12723 have sold for 2.8% less than they did a year ago.

Summary: The median home sold price in 12723 was $315,000 in November 2024, down 2.8% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $405K-
N/A
2 $199K$165K
-17.1%
3 $317.5K$335K
+5.5%
4 $352.8K$309.7K
-12.2%
5+ -$292.5K
N/A

Summary: 12723 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 decreased by 17.1%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes did not change.

Housing Supply in 12723, NY

How many homes are available in 12723, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1613-18.8%

Summary: The 12723 real estate market had 13 homes for sale in November 2024, a 18.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 65
-16.7%
4 53
-40.0%
5+ 55
0.0%

Summary: The 12723 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 16.7%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were 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 12723, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 12723 in November 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 12723, NY

How long does it take to sell a home in 12723, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
56 Days141 Days+151.8%

Summary: Homes in 12723 had an average of 141 days on market in Nov 2024, up by 151.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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

Many homes in 12723 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 12723; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 21 Days Ago

Newest Listings in 12723, NY

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