Is 13088, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 13088 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 13088 has remained a Seller's Market.

Key Takeaway

13088 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 13088, NY

How much do homes in 13088, NY cost?

Median Sold Price

$217,000

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$17,100(+8.6%)

Key Takeaway

Homes in 13088 have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in 13088 was $217,000 in February 2024, up 8.6% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $107.5K$180K
+67.4%
2 $160K$201.1K
+25.7%
3 $192K$201.5K
+4.9%
4 $248.7K$252.5K
+1.5%
5+ $307.5K$278K
-9.6%

Summary: 13088 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.4%, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 9.6%.

Median Sold Price Compared To Nearby Zip Codes

13090
+15.9%
13212
+11.1%
13211
+9.5%
13088
+8.6%
13208
-7.4%

Housing Supply in 13088, NY

How many homes are available in 13088, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3320-39.4%

Summary: The 13088 real estate market had 20 homes for sale in February 2024, a 39.4% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1912
-36.8%
4 96
-33.3%
5+ 31
-66.7%

Summary: The 13088 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 50%, 3 bedroom homes decreased by 36.8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
167-56.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 13088, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 13088 in February 2024, down by 56.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.

Days on Market for 13088, NY

How long does it take to sell a home in 13088, NY?

Average Sale Time

Feb 2023Feb 2024CHANGE
14 Days17 Days+21.1%

Summary: Homes in 13088 had an average of 17 days on market in Feb 2024, up by 21.1% compared to last year.

Breakdown of Home Sale Times

5 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

Many homes in 13088 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 7 homes were sold in 13088; 71% of homes were sold within 30 days, 29% 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 13088, NY

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