Is 10562, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 10562 was a Neutral Market.
Key Takeaway
10562 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 10562, NY
How much do homes in 10562, NY cost?
Median Sold Price
$540,000
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 10562 have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in 10562 was $540,000 in March 2024, up 6.2% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $189.4K | -31.1% |
| 2 Bedrooms | $427.5K | $440K | +2.9% |
| 3 Bedrooms | $550K | $580K | +5.5% |
| 4 Bedrooms | $615K | $707.5K | +15.0% |
| 5+ Bedrooms | $725K | $720K | -0.7% |
Summary: 10562 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.1%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 0.7%.
Housing Supply in 10562, NY
How many homes are available in 10562, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 97 | 108 | +11.3% |
Summary: The 10562 real estate market had 108 homes for sale in March 2024, a 11.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 15 | +25.0% |
| 2 Bedrooms | 24 | 31 | +29.2% |
| 3 Bedrooms | 31 | 30 | -3.2% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The 10562 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 29.2%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 10562, you could pay more than the asking price. 73.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in 10562 in March 2024, the same as the previous month. Of the 15 sold homes, 13% were sold under asking, 13% were sold at asking, and 73% were sold over asking.
Days on Market for 10562, NY
How long does it take to sell a home in 10562, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 64 Days | 41 Days | -35.3% |
Summary: Homes in 10562 had an average of 41 days on market in Mar 2024, down by 35.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 10562 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in 10562; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.