Is 12789, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12789 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 12789 has remained a Seller's Market.

Key Takeaway

12789 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12789, NY

How much do homes in 12789, NY cost?

Median Sold Price

$200,000

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$24,500(+14.0%)

Key Takeaway

Homes in 12789 have sold for 14% more than they did a year ago.

Summary: The median home sold price in 12789 was $200,000 in February 2024, up 14% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $62.5K$115K
+84.0%
2 $140K$195K
+39.3%
3 $207K$254.5K
+22.9%
4 $180K$250K
+38.9%
5+ $800K$425K
-46.9%

Summary: 12789 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 84%, 2 bedroom homes increased by 39.3%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes decreased by 46.9%.

Housing Supply in 12789, NY

How many homes are available in 12789, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1110-9.1%

Summary: The 12789 real estate market had 10 homes for sale in February 2024, a 9.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 33
0.0%
4 34
+33.3%
5+ 00
0.0%

Summary: The 12789 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12789, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 12789 in February 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 12789, NY

How long does it take to sell a home in 12789, NY?

Average Sale Time

Feb 2023Feb 2024CHANGE
164 Days48 Days-70.8%

Summary: Homes in 12789 had an average of 48 days on market in Feb 2024, down by 70.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were 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 12789 has remained consistent over time.

Summary: During February 2024, 2 homes were sold in 12789; 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 27 Days Ago

Newest Listings in 12789, NY

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