Is 12842, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12842 is a neutral's market

Buyer's
Market

Difference Since November 2023

Since last year, 12842 has remained a Neutral Market.

Key Takeaway

12842 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 12842, NY

How much do homes in 12842, NY cost?

Median Sold Price

$297,000

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$23,000(-7.2%)

Key Takeaway

Homes in 12842 have sold for 7.2% less than they did a year ago.

Summary: The median home sold price in 12842 was $297,000 in November 2024, down 7.2% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$300K
N/A
2 $185.3K$295.5K
+59.5%
3 $340.5K$297K
-12.8%
4 $115K$209.9K
+82.6%
5+ $673.7K$320K
-52.5%

Summary: 12842 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 59.5%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes increased by 82.6%, and 5+ bedroom homes decreased by 52.5%.

Housing Supply in 12842, NY

How many homes are available in 12842, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
97-22.2%

Summary: The 12842 real estate market had 7 homes for sale in November 2024, a 22.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 32
-33.3%
4 10
-100.0%
5+ 12
+100.0%

Summary: The 12842 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 33.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12842, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 12842 in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 12842, NY

How long does it take to sell a home in 12842, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
287 Days9 Days-96.9%

Summary: Homes in 12842 had an average of 9 days on market in Nov 2024, down by 96.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12842 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 12842; 100% of homes were sold within 30 days, 0% 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 12842, NY

Nearby Markets to 12842, NY