Is 13607, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 13607 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 13607 was a Seller's Market.

Key Takeaway

13607 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 13607, NY

How much do homes in 13607, NY cost?

Median Sold Price

$186,000

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$78,000(-29.5%)

Key Takeaway

Homes in 13607 have sold for 29.5% less than they did a year ago.

Summary: The median home sold price in 13607 was $186,000 in October 2024, down 29.5% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$563K
N/A
2 $300K$158.8K
-47.1%
3 $180K$185.5K
+3.1%
4 $492.5K$260K
-47.2%
5+ $475K-
N/A

Summary: 13607 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 47.1%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 47.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

13656
+16.7%
13607
-29.5%

Housing Supply in 13607, NY

How many homes are available in 13607, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
23230.0%

Summary: The 13607 real estate market had 23 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1010
0.0%
4 66
0.0%
5+ 54
-20.0%

Summary: The 13607 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 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 13607, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 13607 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 13607, NY

How long does it take to sell a home in 13607, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
5 Days30 Days+500.0%

Summary: Homes in 13607 had an average of 30 days on market in Oct 2024, up by 500% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 13607 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 13607; 50% of homes were sold within 30 days, 50% 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 13607, NY

Nearby Markets to 13607, NY