Is 12786, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12786 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 12786 has remained a Buyer's Market.

Key Takeaway

12786 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 12786, NY

How much do homes in 12786, NY cost?

Median Sold Price

$315,000

$246/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$240,000(-43.2%)

Key Takeaway

Homes in 12786 have sold for 43.2% less than they did a year ago.

Summary: The median home sold price in 12786 was $315,000 in November 2024, down 43.2% from last year, and the median price per square foot was $246.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $225K$140.7K
-37.4%
2 $194.6K$260K
+33.6%
3 $284K$355K
+25.0%
4 $1.0M$710K
-33.8%
5+ $2.2M$1.0M
-53.4%

Summary: 12786 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.4%, 2 bedroom homes increased by 33.6%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 33.8%, and 5+ bedroom homes decreased by 53.4%.

Housing Supply in 12786, NY

How many homes are available in 12786, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1511-26.7%

Summary: The 12786 real estate market had 11 homes for sale in November 2024, a 26.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 87
-12.5%
4 42
-50.0%
5+ 00
0.0%

Summary: The 12786 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 12.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

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 12786, 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 12786 in November 2024, down by 66.7% 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 12786, NY

How long does it take to sell a home in 12786, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
5 Days79 Days+1480.0%

Summary: Homes in 12786 had an average of 79 days on market in Nov 2024, up by 1480% compared to last year.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in 12786 has remained consistent over time.

Summary: During November 2024, 1 homes were sold in 12786; 0% of homes were sold within 30 days, 100% 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 26 Days Ago

Newest Listings in 12786, NY

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