Is 13088, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 13088 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 13088 has remained a Seller's Market.

Key Takeaway

13088 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 13088, NY

How much do homes in 13088, NY cost?

Median Sold Price

$234,500

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$26,500(+12.7%)

Key Takeaway

Homes in 13088 have sold for 12.7% more than they did a year ago.

Summary: The median home sold price in 13088 was $234,500 in November 2024, up 12.7% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $180K-
N/A
2 $201K$211K
+4.9%
3 $200K$230K
+15.0%
4 $239.9K$275.2K
+14.7%
5+ $289K$277K
-4.2%

Summary: 13088 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 increased by 4.9%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes decreased by 4.2%.

Median Sold Price Compared To Nearby Zip Codes

13208
+14.5%
13088
+12.7%
13212
+9.4%
13090
+8.0%
13211
+6.7%

Housing Supply in 13088, NY

How many homes are available in 13088, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7355-24.7%

Summary: The 13088 real estate market had 55 homes for sale in November 2024, a 24.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1611
-31.3%
3 4028
-30.0%
4 1615
-6.3%
5+ 11
0.0%

Summary: The 13088 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 31.3%, 3 bedroom homes decreased by 30%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
18180.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 13088, you could pay more than the asking price. 88.9% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in 13088 in November 2024, the same as the previous month. Of the 18 sold homes, 6% were sold under asking, 6% were sold at asking, and 89% were sold over asking.

Days on Market for 13088, NY

How long does it take to sell a home in 13088, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
9 Days9 Days-5.3%

Summary: Homes in 13088 had an average of 9 days on market in Nov 2024, down by 5.3% compared to last year.

Breakdown of Home Sale Times

17 Homes Were 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 13088 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 18 homes were sold in 13088; 94% of homes were sold within 30 days, 6% 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 21 Days Ago

Newest Listings in 13088, NY

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