Is 12531, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12531 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 12531 has remained a Buyer's Market.

Key Takeaway

12531 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 12531, NY

How much do homes in 12531, NY cost?

Median Sold Price

$429,500

$200/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$179,500(+71.8%)

Key Takeaway

Homes in 12531 have sold for 71.8% more than they did a month ago.

Summary: The median home sold price in 12531 was $429,500 in March 2024, up 71.8% from last month, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 $250K-
N/A
2 --
N/A
3 -$429.5K
N/A
4 --
N/A
5+ --
N/A

Summary: 12531 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 12531, NY

How many homes are available in 12531, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
14140.0%

Summary: The 12531 real estate market had 14 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 11
0.0%
3 88
0.0%
4 33
0.0%
5+ 11
0.0%

Summary: The 12531 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

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 12531, 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 12531 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 12531, NY

How long does it take to sell a home in 12531, NY?

Average Sale Time

Feb 2024Mar 2024CHANGE
26 Days47 Days+80.8%

Summary: Homes in 12531 had an average of 47 days on market in Mar 2024, up by 80.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 12531 has remained consistent over time.

Summary: During March 2024, 1 homes were sold in 12531; 0% of homes were sold within 30 days, 100% 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 24 Days Ago

Newest Listings in 12531, NY

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