Is 13316, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 13316 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 13316 was a Neutral Market.

Key Takeaway

13316 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 13316, NY

How much do homes in 13316, NY cost?

Median Sold Price

$180,450

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,950(+7.1%)

Key Takeaway

Homes in 13316 have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in 13316 was $180,450 in October 2024, up 7.1% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $97K$125K
+28.9%
2 $144.9K$150K
+3.5%
3 $189.2K$224.3K
+18.5%
4 $167K$192.4K
+15.2%
5+ $223K$102.5K
-54.0%

Summary: 13316 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.9%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes decreased by 54%.

Housing Supply in 13316, NY

How many homes are available in 13316, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2517-32.0%

Summary: The 13316 real estate market had 17 homes for sale in October 2024, a 32.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 32
-33.3%
3 107
-30.0%
4 84
-50.0%
5+ 22
0.0%

Summary: The 13316 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 33.3%, 3 bedroom homes decreased by 30%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 13316, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in 13316 in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 13316, NY

How long does it take to sell a home in 13316, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days51 Days+167.5%

Summary: Homes in 13316 had an average of 51 days on market in Oct 2024, up by 167.5% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 13316 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 13316; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in 13316, NY

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