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 October 2023

Since last year, 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

$230,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$60,000(+35.3%)

Key Takeaway

Homes in 13438 have sold for 35.3% more than they did a year ago.

Summary: The median home sold price in 13438 was $230,000 in October 2024, up 35.3% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $86.5K$132.5K
+53.2%
2 $161K$210K
+30.5%
3 $226.6K$217.3K
-4.1%
4 $146.9K$272.5K
+85.4%
5+ $250K$421.2K
+68.5%

Summary: 13438 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.2%, 2 bedroom homes increased by 30.5%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 85.4%, and 5+ bedroom homes increased by 68.5%.

Housing Supply in 13438, NY

How many homes are available in 13438, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2922-24.1%

Summary: The 13438 real estate market had 22 homes for sale in October 2024, a 24.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 44
0.0%
3 127
-41.7%
4 98
-11.1%
5+ 32
-33.3%

Summary: The 13438 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 remained the same, 3 bedroom homes decreased by 41.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
550.0%

Asking Price vs. Sold Price

5 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 5 homes were sold or pending in 13438 in October 2024, the same as the previous month. Of the 5 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 2023Oct 2024CHANGE
48 Days103 Days+115.1%

Summary: Homes in 13438 had an average of 103 days on market in Oct 2024, up by 115.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 13438 has remained consistent over time.

Summary: During October 2024, 5 homes were sold in 13438; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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 13438, NY

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