Is 12788, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12788 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 12788 was a Buyer's Market.

Key Takeaway

12788 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12788, NY

How much do homes in 12788, NY cost?

Median Sold Price

$317,500

$184/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$22,000(-6.5%)

Key Takeaway

Homes in 12788 have sold for 6.5% less than they did a month ago.

Summary: The median home sold price in 12788 was $317,500 in November 2024, down 6.5% from last month, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $179K-
N/A
2 --
N/A
3 $500K-
N/A
4 -$385K
N/A
5+ -$305K
N/A

Summary: 12788 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 12788, NY

How many homes are available in 12788, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1618+12.5%

Summary: The 12788 real estate market had 18 homes for sale in November 2024, a 12.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 11
0.0%
3 33
0.0%
4 810
+25.0%
5+ 34
+33.3%

Summary: The 12788 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12788, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 12788 in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 12788, NY

How long does it take to sell a home in 12788, NY?

Average Sale Time

Oct 2024Nov 2024CHANGE
31 Days42 Days+37.1%

Summary: Homes in 12788 had an average of 42 days on market in Nov 2024, up by 37.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were 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 12788 has remained consistent over time.

Summary: During November 2024, 4 homes were sold in 12788; 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 22 Days Ago

Newest Listings in 12788, NY

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