Is 12748, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12748 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 12748 was a Buyer's Market.

Key Takeaway

12748 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 12748, NY

How much do homes in 12748, NY cost?

Median Sold Price

$346,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$46,001(+15.3%)

Key Takeaway

Homes in 12748 have sold for 15.3% more than they did a year ago.

Summary: The median home sold price in 12748 was $346,000 in October 2024, up 15.3% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $152.7K-
N/A
2 $231.5K$290K
+25.3%
3 $309.9K$315.5K
+1.8%
4 $324.9K$400K
+23.1%
5+ $465.5K$599K
+28.7%

Summary: 12748 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 25.3%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 28.7%.

Median Sold Price Compared To Nearby Zip Codes

12748
+15.3%
12723
+5.8%

Housing Supply in 12748, NY

How many homes are available in 12748, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2827-3.6%

Summary: The 12748 real estate market had 27 homes for sale in October 2024, a 3.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1313
0.0%
4 88
0.0%
5+ 44
0.0%

Summary: The 12748 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12748, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 12748 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for 12748, NY

How long does it take to sell a home in 12748, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
59 Days113 Days+91.5%

Summary: Homes in 12748 had an average of 113 days on market in Oct 2024, up by 91.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 12748 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 4 homes were sold in 12748; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 5 Days Ago

Newest Listings in 12748, NY

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