Is 12047, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 12047 has remained a Seller's Market.
Key Takeaway
12047 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 12047, NY
How much do homes in 12047, NY cost?
Median Sold Price
$261,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 12047 have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in 12047 was $261,000 in April 2024, up 4.4% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $93.1K | $180K | +93.3% |
| 2 Bedrooms | $218K | $237.5K | +8.9% |
| 3 Bedrooms | $272.9K | $280K | +2.6% |
| 4 Bedrooms | $267K | $284K | +6.4% |
| 5+ Bedrooms | $225K | $240.7K | +7.0% |
Summary: 12047 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 93.3%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Zip Codes
| 12188 | $285K | $315K | +10.5% |
| 12189 | $220K | $235K | +6.8% |
| 12047 | $250K | $261K | +4.4% |
| 12110 | $363.1K | $375.5K | +3.4% |
| 12183 | $178.2K | $180K | +1.0% |
Housing Supply in 12047, NY
How many homes are available in 12047, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 50 | -10.7% |
Summary: The 12047 real estate market had 50 homes for sale in April 2024, a 10.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 12 | 5 | -58.3% |
Summary: The 12047 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 18.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 58.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 9 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 12047, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 12047 in April 2024, down by 40.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for 12047, NY
How long does it take to sell a home in 12047, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 85 Days | +364.5% |
Summary: Homes in 12047 had an average of 85 days on market in Apr 2024, up by 364.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 12047 has remained consistent over time.
Summary: During April 2024, 9 homes were sold in 12047; 22% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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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.