Is 12589, 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, 12589 has remained a Seller's Market.
Housing Prices in 12589, NY
How much do homes in 12589, NY cost?
Median Sold Price
$420,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 12589 was $420,000 in March 2024, up 2.8% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $245.7K | $370K | +50.6% |
2 Bedrooms | $252K | $262.5K | +4.2% |
3 Bedrooms | $399K | $400K | 0.3% |
4 Bedrooms | $469.9K | $451K | -4.0% |
5+ Bedrooms | $484.5K | $552.5K | +14.0% |
Summary: 12589 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.6%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 14%.
Median Sold Price Compared To Nearby Zip Codes
12589 | $408.5K | $420K | +2.8% |
12586 | $352.4K | $357.5K | +1.4% |
Housing Supply in 12589, NY
How many homes are available in 12589, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 51 | 0.0% |
Summary: The 12589 real estate market had 51 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 20 | 24 | +20.0% |
4 Bedrooms | 22 | 20 | -9.1% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 12589 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 12589 in March 2024, the same as the previous month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for 12589, NY
How long does it take to sell a home in 12589, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
96 Days | 70 Days | -26.8% |
Summary: Homes in 12589 had an average of 70 days on market in Mar 2024, down by 26.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in 12589; 22% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.