Is 12827, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12827 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 12827 has remained a Seller's Market.

Key Takeaway

12827 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12827, NY

How much do homes in 12827, NY cost?

Median Sold Price

$246,000

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$28,750(+13.2%)

Key Takeaway

Homes in 12827 have sold for 13.2% more than they did a year ago.

Summary: The median home sold price in 12827 was $246,000 in November 2024, up 13.2% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $121.5K$65K
-46.5%
2 $200K$238.1K
+19.1%
3 $258K$246.2K
-4.6%
4 $270K$183.5K
-32.0%
5+ $189.9K$270.5K
+42.4%

Summary: 12827 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.5%, 2 bedroom homes increased by 19.1%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 32%, and 5+ bedroom homes increased by 42.4%.

Median Sold Price Compared To Nearby Zip Codes

12832
+21.8%
12839
+14.5%
12827
+13.2%

Housing Supply in 12827, NY

How many homes are available in 12827, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2218-18.2%

Summary: The 12827 real estate market had 18 homes for sale in November 2024, a 18.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 85
-37.5%
4 66
0.0%
5+ 44
0.0%

Summary: The 12827 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 25%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12827, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 12827 in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for 12827, NY

How long does it take to sell a home in 12827, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
14 Days22 Days+60.7%

Summary: Homes in 12827 had an average of 22 days on market in Nov 2024, up by 60.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12827 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in 12827; 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 17 Days Ago

Newest Listings in 12827, NY

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