Is 12182, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12182 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 12182 has remained a Seller's Market.

Key Takeaway

12182 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12182, NY

How much do homes in 12182, NY cost?

Median Sold Price

$188,500

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$3,500(+1.9%)

Key Takeaway

Homes in 12182 have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in 12182 was $188,500 in March 2024, up 1.9% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $61.5K$115K
+87.0%
2 $184.7K$155K
-16.1%
3 $185K$189.9K
+2.6%
4 $196K$176.9K
-9.7%
5+ $188K$197.4K
+5.0%

Summary: 12182 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 87%, 2 bedroom homes decreased by 16.1%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 5%.

Median Sold Price Compared To Nearby Zip Codes

12188
+10.7%
12180
+7.8%
12047
+4.0%
12182
+1.9%

Housing Supply in 12182, NY

How many homes are available in 12182, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3931-20.5%

Summary: The 12182 real estate market had 31 homes for sale in March 2024, a 20.5% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 95
-44.4%
3 109
-10.0%
4 107
-30.0%
5+ 1010
0.0%

Summary: The 12182 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 44.4%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
127-41.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12182, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 12182 in March 2024, down by 41.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for 12182, NY

How long does it take to sell a home in 12182, NY?

Average Sale Time

Mar 2023Mar 2024CHANGE
51 Days26 Days-48.6%

Summary: Homes in 12182 had an average of 26 days on market in Mar 2024, down by 48.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12182 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 7 homes were sold in 12182; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% 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

Newest Listings in 12182, NY

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