Is 10577, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10577 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 10577 was a Neutral Market.

Key Takeaway

10577 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 10577, NY

How much do homes in 10577, NY cost?

Median Sold Price

$4,900,000

$495/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$3,100,000(+172.2%)

Key Takeaway

Homes in 10577 have sold for 172.2% more than they did a month ago.

Summary: The median home sold price in 10577 was $4,900,000 in March 2024, up 172.2% from last month, and the median price per square foot was $495.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $1.3M-
N/A
5+ $3.4M$4.9M
+44.1%

Summary: 10577 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 44.1%.

Housing Supply in 10577, NY

How many homes are available in 10577, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
18180.0%

Summary: The 10577 real estate market had 18 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 02
+100.0%
4 64
-33.3%
5+ 1212
0.0%

Summary: The 10577 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 increased by 100%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was 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 10577, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 10577 in March 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 10577, NY

How long does it take to sell a home in 10577, NY?

Average Sale Time

Feb 2024Mar 2024CHANGE
69 Days480 Days+595.7%

Summary: Homes in 10577 had an average of 480 days on market in Mar 2024, up by 595.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were 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

Most homes in 10577 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 1 homes were sold in 10577; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 25 Days Ago

Newest Listings in 10577, NY

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