Is 12845, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12845 is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 12845 was a Seller's Market.

Key Takeaway

12845 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 12845, NY

How much do homes in 12845, NY cost?

Median Sold Price

$562,450

$282/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$142,450(+33.9%)

Key Takeaway

Homes in 12845 have sold for 33.9% more than they did a year ago.

Summary: The median home sold price in 12845 was $562,450 in April 2024, up 33.9% from last year, and the median price per square foot was $282.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$641K
N/A
2 $152.5K$197.5K
+29.5%
3 $489.9K$675K
+37.8%
4 $455.6K$674.9K
+48.1%
5+ $1.9M$4.3M
+126.6%

Summary: 12845 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 29.5%, 3 bedroom homes increased by 37.8%, 4 bedroom homes increased by 48.1%, and 5+ bedroom homes increased by 126.6%.

Median Sold Price Compared To Nearby Zip Codes

12845
+33.9%
12804
+10.2%
12846
-1.2%

Housing Supply in 12845, NY

How many homes are available in 12845, NY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
40400.0%

Summary: The 12845 real estate market had 40 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1615
-6.3%
3 1114
+27.3%
4 77
0.0%
5+ 64
-33.3%

Summary: The 12845 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12845, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 12845 in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for 12845, NY

How long does it take to sell a home in 12845, NY?

Average Sale Time

Apr 2023Apr 2024CHANGE
34 Days43 Days+23.4%

Summary: Homes in 12845 had an average of 43 days on market in Apr 2024, up by 23.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12845 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 5 homes were sold in 12845; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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

Newest Listings in 12845, NY

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