Is 12845, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12845 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 12845 has remained a Seller's Market.

Key Takeaway

12845 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12845, NY

How much do homes in 12845, NY cost?

Median Sold Price

$535,000

$282/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$17,000(+3.3%)

Key Takeaway

Homes in 12845 have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in 12845 was $535,000 in December 2024, up 3.3% from last year, and the median price per square foot was $282.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $641K$680K
+6.1%
2 $175K$297.5K
+70.0%
3 $572.5K$609K
+6.4%
4 $520.5K$725K
+39.3%
5+ $960.5K$737.5K
-23.2%

Summary: 12845 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 70%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 39.3%, and 5+ bedroom homes decreased by 23.2%.

Median Sold Price Compared To Nearby Zip Codes

12845
+3.3%
12804
-3.4%

Housing Supply in 12845, NY

How many homes are available in 12845, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3428-17.6%

Summary: The 12845 real estate market had 28 homes for sale in December 2024, a 17.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 129
-25.0%
3 910
+11.1%
4 97
-22.2%
5+ 32
-33.3%

Summary: The 12845 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12845, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in 12845 in December 2024, down by 33.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for 12845, NY

How long does it take to sell a home in 12845, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
54 Days50 Days-7.6%

Summary: Homes in 12845 had an average of 50 days on market in Dec 2024, down by 7.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12845 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 6 homes were sold in 12845; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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 4 Days Ago

Newest Listings in 12845, NY

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