Is 12866, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12866 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 12866 has remained a Seller's Market.

Key Takeaway

12866 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12866, NY

How much do homes in 12866, NY cost?

Median Sold Price

$598,606

$320/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$33,103(+5.9%)

Key Takeaway

Homes in 12866 have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in 12866 was $598,606 in November 2024, up 5.9% from last year, and the median price per square foot was $320.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $338.7K$637.5K
+88.2%
2 $479K$535.5K
+11.8%
3 $525K$531.7K
+1.3%
4 $650K$660K
+1.5%
5+ $796K$825K
+3.6%

Summary: 12866 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 88.2%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 3.6%.

Median Sold Price Compared To Nearby Zip Codes

12833
+7.2%
12866
+5.9%
12020
+4.2%

Housing Supply in 12866, NY

How many homes are available in 12866, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
203165-18.7%

Summary: The 12866 real estate market had 165 homes for sale in November 2024, a 18.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 104
-60.0%
2 3430
-11.8%
3 7759
-23.4%
4 5349
-7.5%
5+ 2923
-20.7%

Summary: The 12866 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes decreased by 23.4%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 20.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4737-21.3%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12866, you may be able to get a good deal. 59.5% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in 12866 in November 2024, down by 21.3% month-over-month. Of the 37 sold homes, 59% were sold under asking, 11% were sold at asking, and 30% were sold over asking.

Days on Market for 12866, NY

How long does it take to sell a home in 12866, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days42 Days+79.7%

Summary: Homes in 12866 had an average of 42 days on market in Nov 2024, up by 79.7% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12866 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 37 homes were sold in 12866; 65% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 19% 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 12866, NY

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