Is 12586, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 12586 was a Buyer's Market.
Key Takeaway
12586 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 12586, NY
How much do homes in 12586, NY cost?
Median Sold Price
$360,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 12586 have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in 12586 was $360,000 in April 2024, up 1.4% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | $289.9K | +7.4% |
| 3 Bedrooms | $350K | $340K | -2.9% |
| 4 Bedrooms | $406K | $409.5K | +0.9% |
| 5+ Bedrooms | $431K | $470.5K | +9.2% |
Summary: 12586 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 increased by 7.4%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 9.2%.
Housing Supply in 12586, NY
How many homes are available in 12586, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 57 | 64 | +12.3% |
Summary: The 12586 real estate market had 64 homes for sale in April 2024, a 12.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 24 | 27 | +12.5% |
| 4 Bedrooms | 18 | 23 | +27.8% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 12586 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 increased by 12.5%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 16 | +77.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 12586, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 12586 in April 2024, up by 77.8% month-over-month. Of the 16 sold homes, 13% were sold under asking, 31% were sold at asking, and 56% were sold over asking.
Days on Market for 12586, NY
How long does it take to sell a home in 12586, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 91 Days | 73 Days | -20.0% |
Summary: Homes in 12586 had an average of 73 days on market in Apr 2024, down by 20% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 12586 has remained consistent over time.
Summary: During April 2024, 16 homes were sold in 12586; 31% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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.