Is 12861, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12861 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 12861 has remained a Seller's Market.

Key Takeaway

12861 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12861, NY

How much do homes in 12861, NY cost?

Median Sold Price

$799,000

$607/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$161,500(+25.3%)

Key Takeaway

Homes in 12861 have sold for 25.3% more than they did a year ago.

Summary: The median home sold price in 12861 was $799,000 in November 2024, up 25.3% from last year, and the median price per square foot was $607.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$170K
N/A
2 $717.5K$269K
-62.5%
3 $637.5K$1.0M
+63.0%
4 $702.5K$175K
-75.1%
5+ $1.5M$3.4M
+123.8%

Summary: 12861 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 decreased by 62.5%, 3 bedroom homes increased by 63%, 4 bedroom homes decreased by 75.1%, and 5+ bedroom homes increased by 123.8%.

Housing Supply in 12861, NY

How many homes are available in 12861, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
74-42.9%

Summary: The 12861 real estate market had 4 homes for sale in November 2024, a 42.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 11
0.0%
3 41
-75.0%
4 11
0.0%
5+ 00
0.0%

Summary: The 12861 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 remained the same, 3 bedroom homes decreased by 75%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12861, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 12861 in November 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 12861, NY

How long does it take to sell a home in 12861, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
72 Days97 Days+33.8%

Summary: Homes in 12861 had an average of 97 days on market in Nov 2024, up by 33.8% compared to last year.

Breakdown of Home Sale Times

0 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

Most homes in 12861 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in 12861; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 12861, NY

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