Is 12788, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12788 is a seller's market

Buyer's
Market

Difference Since February 2022

Since last year, 12788 has remained a Seller's Market.

Key Takeaway

12788 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 12788, NY cost?

Median Sold Price

$259,500

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

-$2,750(-1.0%)

Key Takeaway

Homes in 12788 have sold for 1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 --
N/A
2 $134.2K$193K
+43.8%
3 $160K$249K
+55.6%
4 $329K$260K
-21.0%
5+ $318.5K$325K
+2.0%

Median Sold Price Compared To Nearby Zip Codes

12789
+10.9%
12788
-1.0%

How many homes are available in 12788, NY?

Number of Homes For Sale

Jan 2023Feb 2023%
17170.0%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 11
0.0%
2 22
0.0%
3 87
-12.5%
4 12
+100.0%
5+ 55
0.0%

Number of Homes Sold

Jan 2023Feb 2023%
17+600.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12788, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Average Sale Time

Feb 2022Feb 2023%
90 Days99 Days+9.7%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 12788 are taking a long time to sell, it's a good idea to negotiate on homes here.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 12788, NY

12788, NY has 17 homes for sale to choose from. Listings spent 99 days on the market in February 2023, and had a median list price of $259,500 during the same period. Between January 2023 and February 2023, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 43.8%, the cost of 3 bedrooms properties went up by 55.6%, the cost of 4 bedrooms properties went down by 21%, 5 bedrooms properties became 2% more expensive. Volume of homes for sale changed: 1 bedroom homes inventory did not change, 2 bedrooms homes did not move, number of 3 bedrooms homes decreased by 12.5%, volume of 4 bedrooms homes went up by 100%, 5 bedrooms homes did not move. In February 2023 more than 0 listings in 12788, NY were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 5 were sold below.