Is 12754, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12754 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 12754 was a Seller's Market.

Key Takeaway

12754 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 12754, NY

How much do homes in 12754, NY cost?

Median Sold Price

$229,875

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$48,375(+26.7%)

Key Takeaway

Homes in 12754 have sold for 26.7% more than they did a year ago.

Summary: The median home sold price in 12754 was $229,875 in April 2024, up 26.7% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $100K-
N/A
2 $150K$190K
+26.7%
3 $190K$229.8K
+21.0%
4 $182.5K$309.9K
+69.8%
5+ $196.5K$152.5K
-22.4%

Summary: 12754 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 26.7%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 69.8%, and 5+ bedroom homes decreased by 22.4%.

Housing Supply in 12754, NY

How many homes are available in 12754, NY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3135+12.9%

Summary: The 12754 real estate market had 35 homes for sale in April 2024, a 12.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 44
0.0%
3 1312
-7.7%
4 58
+60.0%
5+ 910
+11.1%

Summary: The 12754 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12754, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in 12754 in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.

Days on Market for 12754, NY

How long does it take to sell a home in 12754, NY?

Average Sale Time

Apr 2023Apr 2024CHANGE
37 Days151 Days+305.3%

Summary: Homes in 12754 had an average of 151 days on market in Apr 2024, up by 305.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 12754 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 5 homes were sold in 12754; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 80% 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 1 Day Ago

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