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 November 2023

Since last year, 12748 has remained a Neutral 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

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$46,550(+15.5%)

Key Takeaway

Homes in 12748 have sold for 15.5% more than they did a year ago.

Summary: The median home sold price in 12748 was $346,000 in November 2024, up 15.5% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $152.7K-
N/A
2 $249K$164K
-34.1%
3 $299K$344.2K
+15.1%
4 $324.9K$425K
+30.8%
5+ $465.5K$599K
+28.7%

Summary: 12748 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 34.1%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 28.7%.

Median Sold Price Compared To Nearby Zip Codes

12748
+15.5%
12723
-2.8%

Housing Supply in 12748, NY

How many homes are available in 12748, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2620-23.1%

Summary: The 12748 real estate market had 20 homes for sale in November 2024, a 23.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1210
-16.7%
4 86
-25.0%
5+ 32
-33.3%

Summary: The 12748 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 decreased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 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 12748, 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 12748 in November 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 12748, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
64 Days25 Days-61.2%

Summary: Homes in 12748 had an average of 25 days on market in Nov 2024, down by 61.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12748 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 12748; 67% of homes were sold within 30 days, 33% 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 21 Days Ago

Newest Listings in 12748, NY

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