Is 12078, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 12078 has remained a Seller's Market.
Housing Prices in 12078, NY
How much do homes in 12078, NY cost?
Median Sold Price
$133,166
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 12078 was $133,166 in May 2024, up 6.5% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $108.5K | -13.2% |
2 Bedrooms | $109.5K | $130K | +18.7% |
3 Bedrooms | $141.5K | $147.2K | +4.0% |
4 Bedrooms | $99.1K | $130K | +31.1% |
5+ Bedrooms | $95K | $95K | 0.0% |
Summary: 12078 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.2%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 31.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
12095 | $145K | $179.2K | +23.6% |
12078 | $125K | $133.1K | +6.5% |
12117 | $220K | $230K | +4.5% |
12134 | $299.9K | $298.4K | -0.5% |
12025 | $205K | $203.7K | -0.6% |
Housing Supply in 12078, NY
How many homes are available in 12078, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
95 | 86 | -9.5% |
Summary: The 12078 real estate market had 86 homes for sale in May 2024, a 9.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 7 | -46.2% |
3 Bedrooms | 33 | 35 | +6.1% |
4 Bedrooms | 32 | 24 | -25.0% |
5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The 12078 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 46.2%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 19 | -17.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 12078 in May 2024, down by 17.4% month-over-month. Of the 19 sold homes, 53% were sold under asking, 32% were sold at asking, and 16% were sold over asking.
Days on Market for 12078, NY
How long does it take to sell a home in 12078, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 98 Days | +208.4% |
Summary: Homes in 12078 had an average of 98 days on market in May 2024, up by 208.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in 12078; 42% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.