Is 13438, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 13438 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 13438 has remained a Seller's Market.

Key Takeaway

13438 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 13438, NY

How much do homes in 13438, NY cost?

Median Sold Price

$162,500

$161/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$27,500(-14.5%)

Key Takeaway

Homes in 13438 have sold for 14.5% less than they did a month ago.

Summary: The median home sold price in 13438 was $162,500 in November 2024, down 14.5% from last month, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $200K-
N/A
2 $162K$162.5K
0.3%
3 $190.5K-
N/A
4 $117.5K$49.2K
-58.1%
5+ $575K$405K
-29.6%

Summary: 13438 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.3%, 3 bedroom homes did not change, 4 bedroom homes decreased by 58.1%, and 5+ bedroom homes decreased by 29.6%.

Housing Supply in 13438, NY

How many homes are available in 13438, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2115-28.6%

Summary: The 13438 real estate market had 15 homes for sale in November 2024, a 28.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 43
-25.0%
3 54
-20.0%
4 86
-25.0%
5+ 32
-33.3%

Summary: The 13438 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 13438, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 13438 in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 13438, NY

How long does it take to sell a home in 13438, NY?

Average Sale Time

Oct 2024Nov 2024CHANGE
75 Days108 Days+43.7%

Summary: Homes in 13438 had an average of 108 days on market in Nov 2024, up by 43.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 13438 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 3 homes were sold in 13438; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 13438, NY

Nearby Markets to 13438, NY