Is 12839, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12839 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 12839 has remained a Seller's Market.

Key Takeaway

12839 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12839, NY

How much do homes in 12839, NY cost?

Median Sold Price

$218,500

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,500(+4.0%)

Key Takeaway

Homes in 12839 have sold for 4% more than they did a year ago.

Summary: The median home sold price in 12839 was $218,500 in October 2024, up 4% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $85K$163.9K
+92.9%
2 $152.2K$160K
+5.1%
3 $220K$229K
+4.1%
4 $210K$240K
+14.3%
5+ $198.5K$160K
-19.4%

Summary: 12839 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 92.9%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 19.4%.

Median Sold Price Compared To Nearby Zip Codes

12827
+24.8%
12839
+4.0%
12803
+1.5%
12804
-3.5%
12828
-6.2%

Housing Supply in 12839, NY

How many homes are available in 12839, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5244-15.4%

Summary: The 12839 real estate market had 44 homes for sale in October 2024, a 15.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 65
-16.7%
3 2420
-16.7%
4 1111
0.0%
5+ 97
-22.2%

Summary: The 12839 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
811+37.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12839, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in 12839 in October 2024, up by 37.5% month-over-month. Of the 11 sold homes, 36% were sold under asking, 9% were sold at asking, and 55% were sold over asking.

Days on Market for 12839, NY

How long does it take to sell a home in 12839, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days15 Days-8.6%

Summary: Homes in 12839 had an average of 15 days on market in Oct 2024, down by 8.6% compared to last year.

Breakdown of Home Sale Times

10 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

Many homes in 12839 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in 12839; 91% of homes were sold within 30 days, 9% 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 21 Days Ago

Newest Listings in 12839, NY

Nearby Markets to 12839, NY