Is 12778, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12778 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 12778 has remained a Buyer's Market.

Key Takeaway

12778 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 12778, NY

How much do homes in 12778, NY cost?

Median Sold Price

$104,750

$159/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$135,250(-56.4%)

Key Takeaway

Homes in 12778 have sold for 56.4% less than they did a month ago.

Summary: The median home sold price in 12778 was $104,750 in October 2024, down 56.4% from last month, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $240K$104.7K
-56.4%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: 12778 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 56.4%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 12778, NY

How many homes are available in 12778, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1715-11.8%

Summary: The 12778 real estate market had 15 homes for sale in October 2024, a 11.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 119
-18.2%
3 44
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The 12778 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 18.2%, 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
21-50.0%

Asking Price vs. Sold Price

1 Home Was 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 12778, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 12778 in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 12778, NY

How long does it take to sell a home in 12778, NY?

Average Sale Time

Sep 2024Oct 2024CHANGE
75 Days202 Days+167.5%

Summary: Homes in 12778 had an average of 202 days on market in Oct 2024, up by 167.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 12778 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in 12778; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 12778, NY

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