Is 10708, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10708 is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 10708 was a Buyer's Market.

Key Takeaway

10708 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 10708, NY

How much do homes in 10708, NY cost?

Median Sold Price

$441,875

$370/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$19,375(+4.6%)

Key Takeaway

Homes in 10708 have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in 10708 was $441,875 in March 2024, up 4.6% from last year, and the median price per square foot was $370.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $205K$190K
-7.3%
2 $315K$350K
+11.1%
3 $791.8K$747.5K
-5.6%
4 $1.4M$1.3M
-9.7%
5+ $2.5M$2.5M
+1.4%

Summary: 10708 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.3%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 1.4%.

Median Sold Price Compared To Nearby Zip Codes

10710
+5.8%
10708
+4.6%
10707
-1.4%
10709
-2.6%
10552
-45.8%

Housing Supply in 10708, NY

How many homes are available in 10708, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
171173+1.2%

Summary: The 10708 real estate market had 173 homes for sale in March 2024, a 1.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 3837
-2.6%
2 5048
-4.0%
3 2628
+7.7%
4 2526
+4.0%
5+ 3234
+6.3%

Summary: The 10708 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.6%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 6.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3325-24.2%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10708, you may be able to get a good deal. 52% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 10708 in March 2024, down by 24.2% month-over-month. Of the 25 sold homes, 52% were sold under asking, 16% were sold at asking, and 32% were sold over asking.

Days on Market for 10708, NY

How long does it take to sell a home in 10708, NY?

Average Sale Time

Mar 2023Mar 2024CHANGE
81 Days68 Days-15.4%

Summary: Homes in 10708 had an average of 68 days on market in Mar 2024, down by 15.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 10708 has remained consistent over time.

Summary: During March 2024, 25 homes were sold in 10708; 32% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 28% 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 10708, NY

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