$1,603 Closing Credit*
$135,000
840 SqFt
2 Beds
•1 Full Bath
Lynn Milone-Baker, Listing Office: Howard Hanna
Is 12885, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 12885 was a Seller's Market.
Key Takeaway
12885 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 12885, NY
How much do homes in 12885, NY cost?
Median Sold Price
$259,691
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$64,991(+33.4%)
Key Takeaway
Homes in 12885 have sold for 33.4% more than they did a year ago.
Summary: The median home sold price in 12885 was $259,691 in October 2024, up 33.4% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.4K | $79.5K | -57.6% |
| 2 Bedrooms | $152.8K | $394K | +157.7% |
| 3 Bedrooms | $222K | $269.3K | +21.3% |
| 4 Bedrooms | $118.5K | $392.7K | +231.4% |
| 5+ Bedrooms | $178K | $250K | +40.4% |
Summary: 12885 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.6%, 2 bedroom homes increased by 157.7%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 231.4%, and 5+ bedroom homes increased by 40.4%.
Median Sold Price Compared To Nearby Zip Codes
| 12885 | $194.7K | $259.6K | +33.4% |
| 12817 | $332.5K | $339K | +2.0% |
| 12824 | $585K | $485K | -17.1% |
Housing Supply in 12885, NY
How many homes are available in 12885, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 22 | -15.4% |
Summary: The 12885 real estate market had 22 homes for sale in October 2024, a 15.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 12885 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 remained the same, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 12885, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 12885 in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 12885, NY
How long does it take to sell a home in 12885, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 101 Days | 83 Days | -17.3% |
Summary: Homes in 12885 had an average of 83 days on market in Oct 2024, down by 17.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 12885 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 12885; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.