Is 12850, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12850 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 12850 was a Neutral Market.

Key Takeaway

12850 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12850, NY

How much do homes in 12850, NY cost?

Median Sold Price

$315,475

$236/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$284,525(-47.4%)

Key Takeaway

Homes in 12850 have sold for 47.4% less than they did a month ago.

Summary: The median home sold price in 12850 was $315,475 in October 2024, down 47.4% from last month, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$399.9K
N/A
2 $335K$231K
-31.0%
3 --
N/A
4 $865K-
N/A
5+ --
N/A

Summary: 12850 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 31%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 12850, NY

How many homes are available in 12850, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1110-9.1%

Summary: The 12850 real estate market had 10 homes for sale in October 2024, a 9.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 54
-20.0%
3 34
+33.3%
4 10
-100.0%
5+ 00
0.0%

Summary: The 12850 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

1 Home Was 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 12850, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 12850 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for 12850, NY

How long does it take to sell a home in 12850, NY?

Average Sale Time

Sep 2024Oct 2024CHANGE
36 Days16 Days-56.2%

Summary: Homes in 12850 had an average of 16 days on market in Oct 2024, down by 56.2% compared to last month.

Breakdown of Home Sale Times

4 Homes Were 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 12850 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 12850; 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 20 Days Ago

Newest Listings in 12850, NY

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