Is 12866, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 12866 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 12866 has remained a Seller's Market.

Key Takeaway

12866 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 12866, NY

How much do homes in 12866, NY cost?

Median Sold Price

$591,666

$306/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$71,666(+13.8%)

Key Takeaway

Homes in 12866 have sold for 13.8% more than they did a year ago.

Summary: The median home sold price in 12866 was $591,666 in April 2024, up 13.8% from last year, and the median price per square foot was $306.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $357.5K$375.7K
+5.1%
2 $465K$474.9K
+2.1%
3 $482K$523K
+8.5%
4 $580K$695K
+19.8%
5+ $725K$815K
+12.4%

Summary: 12866 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 12.4%.

Median Sold Price Compared To Nearby Zip Codes

12170
+16.1%
12866
+13.8%
12871
+12.8%
12833
+10.4%
12020
+5.4%

Housing Supply in 12866, NY

How many homes are available in 12866, NY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
143144+0.7%

Summary: The 12866 real estate market had 144 homes for sale in April 2024, a 0.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 37
+133.3%
2 2618
-30.8%
3 4347
+9.3%
4 4345
+4.7%
5+ 2827
-3.6%

Summary: The 12866 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 133.3%, 2 bedroom homes decreased by 30.8%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 3.6%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2639+50.0%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 12866, you may be able to get a good deal. 51.3% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in 12866 in April 2024, up by 50.0% month-over-month. Of the 39 sold homes, 51% were sold under asking, 3% were sold at asking, and 46% were sold over asking.

Days on Market for 12866, NY

How long does it take to sell a home in 12866, NY?

Average Sale Time

Apr 2023Apr 2024CHANGE
31 Days51 Days+65.8%

Summary: Homes in 12866 had an average of 51 days on market in Apr 2024, up by 65.8% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 12866 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 39 homes were sold in 12866; 59% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% 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 4 Days Ago

Newest Listings in 12866, NY

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