Is 12158, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12158 is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 12158 was a Seller's Market.

Key Takeaway

12158 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 12158, NY

How much do homes in 12158, NY cost?

Median Sold Price

$305,000

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$34,000(+12.5%)

Key Takeaway

Homes in 12158 have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in 12158 was $305,000 in April 2024, up 12.5% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $194.5K$214.9K
+10.5%
3 $265K$300K
+13.2%
4 $350K$430K
+22.9%
5+ $412.4K$602.5K
+46.1%

Summary: 12158 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 10.5%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes increased by 46.1%.

Median Sold Price Compared To Nearby Zip Codes

12158
+12.5%
12143
+2.5%
12077
-3.6%

Housing Supply in 12158, NY

How many homes are available in 12158, NY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1716-5.9%

Summary: The 12158 real estate market had 16 homes for sale in April 2024, a 5.9% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 78
+14.3%
4 65
-16.7%
5+ 11
0.0%

Summary: The 12158 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 decreased by 33.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12158, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 12158 in April 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 12158, NY

How long does it take to sell a home in 12158, NY?

Average Sale Time

Apr 2023Apr 2024CHANGE
60 Days52 Days-14.4%

Summary: Homes in 12158 had an average of 52 days on market in Apr 2024, down by 14.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12158 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in 12158; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 1 Day Ago

Newest Listings in 12158, NY

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