Is 12520, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12520 is a neutral's market

Buyer's
Market

Difference Since April 2023

Since last year, 12520 has remained a Neutral Market.

Key Takeaway

12520 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 12520, NY

How much do homes in 12520, NY cost?

Median Sold Price

$475,000

$238/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$5,000(+1.1%)

Key Takeaway

Homes in 12520 have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in 12520 was $475,000 in April 2024, up 1.1% from last year, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$201.5K
N/A
2 $370K$368.7K
-0.3%
3 $461K$466.5K
+1.2%
4 $518.1K$600K
+15.8%
5+ $601.2K$595K
-1.0%

Summary: 12520 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 1%.

Median Sold Price Compared To Nearby Zip Codes

12518
+13.8%
12553
+6.2%
12520
+1.1%
10516
-0.4%

Housing Supply in 12520, NY

How many homes are available in 12520, NY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
813+62.5%

Summary: The 12520 real estate market had 13 homes for sale in April 2024, a 62.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 55
0.0%
4 37
+133.3%
5+ 01
+100.0%

Summary: The 12520 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12520, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 12520 in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 12520, NY

How long does it take to sell a home in 12520, NY?

Average Sale Time

Apr 2023Apr 2024CHANGE
54 Days96 Days+77.8%

Summary: Homes in 12520 had an average of 96 days on market in Apr 2024, up by 77.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 12520 has remained consistent over time.

Summary: During April 2024, 2 homes were sold in 12520; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 9 Days Ago

Newest Listings in 12520, NY

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