Is 12208, 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, 12208 has remained a Seller's Market.
Housing Prices in 12208, NY
How much do homes in 12208, NY cost?
Median Sold Price
$280,750
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 12208 was $280,750 in March 2024, up 10.1% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | - | N/A |
2 Bedrooms | $237.5K | $240.3K | +1.2% |
3 Bedrooms | $245K | $277.5K | +13.3% |
4 Bedrooms | $280K | $300K | +7.1% |
5+ Bedrooms | $260K | $302K | +16.2% |
Summary: 12208 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 increased by 1.2%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 16.2%.
Median Sold Price Compared To Nearby Zip Codes
12210 | $250K | $277K | +10.8% |
12208 | $254.9K | $280.7K | +10.1% |
12209 | $210K | $231K | +10.0% |
12203 | $260.1K | $285K | +9.5% |
12202 | $190K | $187.5K | -1.3% |
Housing Supply in 12208, NY
How many homes are available in 12208, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
44 | 45 | +2.3% |
Summary: The 12208 real estate market had 45 homes for sale in March 2024, a 2.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 9 | 6 | -33.3% |
5+ Bedrooms | 21 | 22 | +4.8% |
Summary: The 12208 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 9 | -43.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 12208 in March 2024, down by 43.8% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.
Days on Market for 12208, NY
How long does it take to sell a home in 12208, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 53 Days | +108.5% |
Summary: Homes in 12208 had an average of 53 days on market in Mar 2024, up by 108.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in 12208; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.