Is 12180, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12180 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 12180 has remained a Seller's Market.

Key Takeaway

12180 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12180, NY

How much do homes in 12180, NY cost?

Median Sold Price

$249,993

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$18,139(+7.8%)

Key Takeaway

Homes in 12180 have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in 12180 was $249,993 in March 2024, up 7.8% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $71K$155K
+118.3%
2 $215K$221.2K
+2.9%
3 $255K$275K
+7.8%
4 $230.9K$230.2K
-0.3%
5+ $215K$250K
+16.3%

Summary: 12180 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 118.3%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 16.3%.

Median Sold Price Compared To Nearby Zip Codes

12198
+22.7%
12140
+14.5%
12180
+7.8%
12183
+2.9%
12182
+1.9%

Housing Supply in 12180, NY

How many homes are available in 12180, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
152175+15.1%

Summary: The 12180 real estate market had 175 homes for sale in March 2024, a 15.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 02
+100.0%
2 1821
+16.7%
3 3940
+2.6%
4 3341
+24.2%
5+ 6271
+14.5%

Summary: The 12180 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 14.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2542+68.0%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12180, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in 12180 in March 2024, up by 68.0% month-over-month. Of the 42 sold homes, 57% were sold under asking, 5% were sold at asking, and 38% were sold over asking.

Days on Market for 12180, NY

How long does it take to sell a home in 12180, NY?

Average Sale Time

Mar 2023Mar 2024CHANGE
55 Days59 Days+7.5%

Summary: Homes in 12180 had an average of 59 days on market in Mar 2024, up by 7.5% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12180 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 42 homes were sold in 12180; 60% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 17% 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 27 Days Ago

Newest Listings in 12180, NY

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