Is 10576, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10576 is a buyer's market

Buyer's
Market

Difference Since March 2023

Since last year, 10576 has remained a Buyer's Market.

Key Takeaway

10576 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 10576, NY

How much do homes in 10576, NY cost?

Median Sold Price

$1,160,000

$383/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$40,000(-3.3%)

Key Takeaway

Homes in 10576 have sold for 3.3% less than they did a year ago.

Summary: The median home sold price in 10576 was $1,160,000 in March 2024, down 3.3% from last year, and the median price per square foot was $383.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $368.5K-
N/A
2 $441.5K$863.9K
+95.7%
3 $1.0M$1.0M
+3.8%
4 $1.2M$1.1M
-1.3%
5+ $2.0M$1.9M
-4.4%

Summary: 10576 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 95.7%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 4.4%.

Median Sold Price Compared To Nearby Zip Codes

10590
+22.7%
10506
+7.9%
06903
+4.8%
10576
-3.3%

Housing Supply in 10576, NY

How many homes are available in 10576, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2420-16.7%

Summary: The 10576 real estate market had 20 homes for sale in March 2024, a 16.7% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 11
0.0%
3 65
-16.7%
4 119
-18.2%
5+ 54
-20.0%

Summary: The 10576 housing inventory by bedroom type for March 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 16.7%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10576, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 10576 in March 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 10576, NY

How long does it take to sell a home in 10576, NY?

Average Sale Time

Mar 2023Mar 2024CHANGE
54 Days55 Days+1.5%

Summary: Homes in 10576 had an average of 55 days on market in Mar 2024, up by 1.5% 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 10576 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 2 homes were sold in 10576; 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 28 Days Ago

Newest Listings in 10576, NY

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