Is 12804, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12804 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 12804 has remained a Seller's Market.

Key Takeaway

12804 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12804, NY

How much do homes in 12804, NY cost?

Median Sold Price

$339,000

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$12,250(-3.5%)

Key Takeaway

Homes in 12804 have sold for 3.5% less than they did a year ago.

Summary: The median home sold price in 12804 was $339,000 in October 2024, down 3.5% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $40K$163.4K
+308.6%
2 $233.9K$248.5K
+6.2%
3 $336.2K$329K
-2.2%
4 $437.5K$420K
-4.0%
5+ $515K$464.1K
-9.9%

Summary: 12804 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 308.6%, 2 bedroom homes increased by 6.2%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 9.9%.

Median Sold Price Compared To Nearby Zip Codes

12801
+10.9%
12845
+6.6%
12839
+4.0%
12803
+1.5%
12804
-3.5%

Housing Supply in 12804, NY

How many homes are available in 12804, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
10383-19.4%

Summary: The 12804 real estate market had 83 homes for sale in October 2024, a 19.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1210
-16.7%
3 5235
-32.7%
4 3332
-3.0%
5+ 55
0.0%

Summary: The 12804 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 16.7%, 3 bedroom homes decreased by 32.7%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2417-29.2%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12804, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in 12804 in October 2024, down by 29.2% month-over-month. Of the 17 sold homes, 35% were sold under asking, 6% were sold at asking, and 59% were sold over asking.

Days on Market for 12804, NY

How long does it take to sell a home in 12804, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days21 Days+12.6%

Summary: Homes in 12804 had an average of 21 days on market in Oct 2024, up by 12.6% compared to last year.

Breakdown of Home Sale Times

13 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

Many homes in 12804 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in 12804; 76% of homes were sold within 30 days, 24% 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 20 Days Ago

Newest Listings in 12804, NY

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