Is 12887, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12887 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 12887 was a Buyer's Market.

Key Takeaway

12887 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12887, NY

How much do homes in 12887, NY cost?

Median Sold Price

$129,500

$66/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$32,000(+32.8%)

Key Takeaway

Homes in 12887 have sold for 32.8% more than they did a year ago.

Summary: The median home sold price in 12887 was $129,500 in November 2024, up 32.8% from last year, and the median price per square foot was $66.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $165.9K$58.3K
-64.9%
2 $70K$115K
+64.3%
3 $97.5K$127K
+30.3%
4 $127.2K$140K
+10.1%
5+ $125K$111K
-11.2%

Summary: 12887 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.9%, 2 bedroom homes increased by 64.3%, 3 bedroom homes increased by 30.3%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 11.2%.

Housing Supply in 12887, NY

How many homes are available in 12887, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
28280.0%

Summary: The 12887 real estate market had 28 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 54
-20.0%
3 1414
0.0%
4 34
+33.3%
5+ 44
0.0%

Summary: The 12887 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 decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
16+500.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12887, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 12887 in November 2024, up by 500.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for 12887, NY

How long does it take to sell a home in 12887, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
172 Days61 Days-64.4%

Summary: Homes in 12887 had an average of 61 days on market in Nov 2024, down by 64.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 12887 has remained consistent over time.

Summary: During November 2024, 6 homes were sold in 12887; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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 3 Days Ago

Newest Listings in 12887, NY

Nearby Markets to 12887, NY