Is 12144, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12144 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 12144 has remained a Seller's Market.

Key Takeaway

12144 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12144, NY

How much do homes in 12144, NY cost?

Median Sold Price

$252,500

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$8,500(+3.5%)

Key Takeaway

Homes in 12144 have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in 12144 was $252,500 in March 2024, up 3.5% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$138K
N/A
2 $208K$225K
+8.2%
3 $259.5K$265K
+2.1%
4 $260K$295K
+13.5%
5+ $215K$250K
+16.3%

Summary: 12144 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 16.3%.

Median Sold Price Compared To Nearby Zip Codes

12144
+3.5%
12202
-1.3%
12204
-2.5%
12061
-5.5%

Housing Supply in 12144, NY

How many homes are available in 12144, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5547-14.5%

Summary: The 12144 real estate market had 47 homes for sale in March 2024, a 14.5% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 86
-25.0%
3 2724
-11.1%
4 1512
-20.0%
5+ 55
0.0%

Summary: The 12144 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1622+37.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12144, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 22 homes were sold or pending in 12144 in March 2024, up by 37.5% month-over-month. Of the 22 sold homes, 32% were sold under asking, 18% were sold at asking, and 50% were sold over asking.

Days on Market for 12144, NY

How long does it take to sell a home in 12144, NY?

Average Sale Time

Mar 2023Mar 2024CHANGE
28 Days23 Days-18.1%

Summary: Homes in 12144 had an average of 23 days on market in Mar 2024, down by 18.1% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12144 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 22 homes were sold in 12144; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 5% 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 26 Days Ago

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