Is 12831, 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, 12831 has remained a Seller's Market.
Key Takeaway
12831 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 12831, NY
How much do homes in 12831, NY cost?
Median Sold Price
$455,444
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 12831 have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in 12831 was $455,444 in March 2024, up 8.3% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $269K | - | N/A |
| 2 Bedrooms | $265K | $230K | -13.2% |
| 3 Bedrooms | $395K | $419.4K | +6.2% |
| 4 Bedrooms | $469.9K | $520K | +10.7% |
| 5+ Bedrooms | $640K | $560K | -12.5% |
Summary: 12831 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.2%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 12.5%.
Median Sold Price Compared To Nearby Zip Codes
| 12871 | $231.5K | $282.5K | +22.0% |
| 12804 | $320K | $352.5K | +10.2% |
| 12831 | $420.4K | $455.4K | +8.3% |
| 12803 | $251K | $253.5K | +1.0% |
| 12828 | $237.5K | $220K | -7.4% |
Housing Supply in 12831, NY
How many homes are available in 12831, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 42 | +7.7% |
Summary: The 12831 real estate market had 42 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 27 | 28 | +3.7% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 12831 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 12831, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 12831 in March 2024, up by 62.5% month-over-month. Of the 13 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.
Days on Market for 12831, NY
How long does it take to sell a home in 12831, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 53 Days | +89.9% |
Summary: Homes in 12831 had an average of 53 days on market in Mar 2024, up by 89.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 12831 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in 12831; 54% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. 
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.