Is 12206, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 12206 has remained a Buyer's Market.
Key Takeaway
12206 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 12206, NY
How much do homes in 12206, NY cost?
Median Sold Price
$150,000
$78/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 12206 have sold for 19.2% less than they did a year ago.
Summary: The median home sold price in 12206 was $150,000 in March 2024, down 19.2% from last year, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $85K | N/A |
| 2 Bedrooms | $164.3K | $125K | -24.0% |
| 3 Bedrooms | $200K | $161.7K | -19.1% |
| 4 Bedrooms | $166.5K | $143.5K | -13.8% |
| 5+ Bedrooms | $182.5K | $156K | -14.5% |
Summary: 12206 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 decreased by 24%, 3 bedroom homes decreased by 19.1%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes decreased by 14.5%.
Median Sold Price Compared To Nearby Zip Codes
| 12210 | $250K | $277K | +10.8% |
| 12211 | $415K | $403K | -2.9% |
| 12206 | $185.6K | $150K | -19.2% |
Housing Supply in 12206, NY
How many homes are available in 12206, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 70 | 66 | -5.7% |
Summary: The 12206 real estate market had 66 homes for sale in March 2024, a 5.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 40 | 32 | -20.0% |
Summary: The 12206 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 12206, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 12206 in March 2024, down by 33.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for 12206, NY
How long does it take to sell a home in 12206, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 56 Days | 30 Days | -46.7% |
Summary: Homes in 12206 had an average of 30 days on market in Mar 2024, down by 46.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 12206 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in 12206; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. 
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.