Is 12118, 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, 12118 has remained a Seller's Market.
Key Takeaway
12118 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 12118, NY
How much do homes in 12118, NY cost?
Median Sold Price
$376,689
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 12118 have sold for 10.3% less than they did a year ago.
Summary: The median home sold price in 12118 was $376,689 in April 2024, down 10.3% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $260K | $400K | +53.8% |
| 3 Bedrooms | $425K | $375.4K | -11.7% |
| 4 Bedrooms | $510K | $495K | -2.9% |
| 5+ Bedrooms | $227.4K | $254K | +11.7% |
Summary: 12118 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 53.8%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 11.7%.
Median Sold Price Compared To Nearby Zip Codes
| 12170 | $280K | $325K | +16.1% |
| 12065 | $413.7K | $425.9K | +2.9% |
| 12118 | $420K | $376.6K | -10.3% |
Housing Supply in 12118, NY
How many homes are available in 12118, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 53 | 52 | -1.9% |
Summary: The 12118 real estate market had 52 homes for sale in April 2024, a 1.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 26 | 25 | -3.8% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 12118 housing inventory by bedroom type for April 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 3.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 16 | +77.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 12118, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 12118 in April 2024, up by 77.8% month-over-month. Of the 16 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for 12118, NY
How long does it take to sell a home in 12118, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 60 Days | 53 Days | -12.8% |
Summary: Homes in 12118 had an average of 53 days on market in Apr 2024, down by 12.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 12118 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in 12118; 63% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.