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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12845 is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

12845 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 12845, NY

How much do homes in 12845, NY cost?

Median Sold Price

$527,000

$274/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$32,500(+6.6%)

Key Takeaway

Homes in 12845 have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in 12845 was $527,000 in October 2024, up 6.6% from last year, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $565.5K-
N/A
2 $109K$300K
+175.2%
3 $549.9K$557.5K
+1.4%
4 $511K$725K
+41.9%
5+ $739.9K$917.7K
+24.0%

Summary: 12845 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 175.2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 41.9%, and 5+ bedroom homes increased by 24%.

Median Sold Price Compared To Nearby Zip Codes

12845
+6.6%
12804
-3.5%
12824
-17.1%

Housing Supply in 12845, NY

How many homes are available in 12845, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
45450.0%

Summary: The 12845 real estate market had 45 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 1618
+12.5%
3 1314
+7.7%
4 79
+28.6%
5+ 73
-57.1%

Summary: The 12845 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 increased by 12.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 57.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

3 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. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in 12845 in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% 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

Oct 2023Oct 2024CHANGE
15 Days15 Days-4.3%

Summary: Homes in 12845 had an average of 15 days on market in Oct 2024, down by 4.3% compared to last year.

Breakdown of Home Sale Times

4 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 12845 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 12845; 80% of homes were sold within 30 days, 20% 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 23 Days Ago

Newest Listings in 12845, NY

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