Is 12883, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12883 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 12883 was a Seller's Market.

Key Takeaway

12883 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 12883, NY

How much do homes in 12883, NY cost?

Median Sold Price

$206,750

$115/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$42,150(+25.6%)

Key Takeaway

Homes in 12883 have sold for 25.6% more than they did a year ago.

Summary: The median home sold price in 12883 was $206,750 in October 2024, up 25.6% from last year, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $147K$189.7K
+29.0%
3 $164.6K$214K
+30.0%
4 $215K$199.9K
-7.0%
5+ $740K$237.5K
-67.9%

Summary: 12883 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 29%, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes decreased by 67.9%.

Housing Supply in 12883, NY

How many homes are available in 12883, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3930-23.1%

Summary: The 12883 real estate market had 30 homes for sale in October 2024, a 23.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 75
-28.6%
3 139
-30.8%
4 1714
-17.6%
5+ 11
0.0%

Summary: The 12883 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 28.6%, 3 bedroom homes decreased by 30.8%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
72-71.4%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12883, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 12883 in October 2024, down by 71.4% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 12883, NY

How long does it take to sell a home in 12883, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
53 Days43 Days-19.2%

Summary: Homes in 12883 had an average of 43 days on market in Oct 2024, down by 19.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 12883 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 12883; 50% of homes were sold within 30 days, 50% 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 22 Days Ago

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