Is 12185, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12185 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 12185 was a Neutral Market.

Key Takeaway

12185 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12185, NY

How much do homes in 12185, NY cost?

Median Sold Price

$243,000

$155/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$79,171(+48.3%)

Key Takeaway

Homes in 12185 have sold for 48.3% more than they did a month ago.

Summary: The median home sold price in 12185 was $243,000 in March 2024, up 48.3% from last month, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 -$243K
N/A
4 $163.8K-
N/A
5+ --
N/A

Summary: 12185 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 12185, NY

How many homes are available in 12185, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
65-16.7%

Summary: The 12185 real estate market had 5 homes for sale in March 2024, a 16.7% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 34
+33.3%
4 10
-100.0%
5+ 21
-50.0%

Summary: The 12185 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were 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 12185, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 12185 in March 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 12185, NY

How long does it take to sell a home in 12185, NY?

Average Sale Time

Feb 2024Mar 2024CHANGE
108 Days8 Days-92.6%

Summary: Homes in 12185 had an average of 8 days on market in Mar 2024, down by 92.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12185 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 1 homes were sold in 12185; 100% of homes were sold within 30 days, 0% 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 30 Days Ago

Newest Listings in 12185, NY

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