Is 10590, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10590 is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 10590 was a Buyer's Market.

Key Takeaway

10590 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 10590, NY

How much do homes in 10590, NY cost?

Median Sold Price

$825,000

$337/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$130,000(+18.7%)

Key Takeaway

Homes in 10590 have sold for 18.7% more than they did a year ago.

Summary: The median home sold price in 10590 was $825,000 in February 2024, up 18.7% from last year, and the median price per square foot was $337.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $265K$287.2K
+8.4%
2 $395.8K$706.2K
+78.4%
3 $645K$768.7K
+19.2%
4 $811.2K$1.0M
+29.3%
5+ $997.5K$1.3M
+39.9%

Summary: 10590 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 78.4%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 29.3%, and 5+ bedroom homes increased by 39.9%.

Median Sold Price Compared To Nearby Zip Codes

10590
+18.7%
06877
+11.4%
10576
-2.7%

Housing Supply in 10590, NY

How many homes are available in 10590, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
20200.0%

Summary: The 10590 real estate market had 20 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 44
0.0%
3 97
-22.2%
4 35
+66.7%
5+ 44
0.0%

Summary: The 10590 housing inventory by bedroom type for February 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 22.2%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

2 Homes Were 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 10590, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 10590 in February 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 10590, NY

How long does it take to sell a home in 10590, NY?

Average Sale Time

Feb 2023Feb 2024CHANGE
47 Days72 Days+54.6%

Summary: Homes in 10590 had an average of 72 days on market in Feb 2024, up by 54.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 10590 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 3 homes were sold in 10590; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 27 Days Ago

Newest Listings in 10590, NY

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