Is 13159, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 13159 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 13159 has remained a Seller's Market.

Key Takeaway

13159 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 13159, NY

How much do homes in 13159, NY cost?

Median Sold Price

$288,000

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$3,000(+1.1%)

Key Takeaway

Homes in 13159 have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in 13159 was $288,000 in October 2024, up 1.1% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$275K
N/A
2 $312.5K$222.5K
-28.8%
3 $253.5K$320K
+26.2%
4 $330K$265K
-19.7%
5+ $307.5K$325K
+5.7%

Summary: 13159 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 decreased by 28.8%, 3 bedroom homes increased by 26.2%, 4 bedroom homes decreased by 19.7%, and 5+ bedroom homes increased by 5.7%.

Median Sold Price Compared To Nearby Zip Codes

13159
+1.1%
13084
-0.6%

Housing Supply in 13159, NY

How many homes are available in 13159, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1712-29.4%

Summary: The 13159 real estate market had 12 homes for sale in October 2024, a 29.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 87
-12.5%
4 43
-25.0%
5+ 31
-66.7%

Summary: The 13159 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 50%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 13159, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 13159 in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.

Days on Market for 13159, NY

How long does it take to sell a home in 13159, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days46 Days+287.5%

Summary: Homes in 13159 had an average of 46 days on market in Oct 2024, up by 287.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 13159 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 13159; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 13159, NY

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