Is 14047, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 14047 was a Buyer's Market.
Key Takeaway
14047 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14047, NY
How much do homes in 14047, NY cost?
Median Sold Price
$215,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 14047 have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in 14047 was $215,000 in March 2024, up 2.9% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $200K | N/A |
| 2 Bedrooms | $153K | $176.2K | +15.2% |
| 3 Bedrooms | $206.9K | $210K | +1.5% |
| 4 Bedrooms | $255K | $250K | -2.0% |
| 5+ Bedrooms | $140.5K | $242.1K | +72.4% |
Summary: 14047 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 increased by 15.2%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 72.4%.
Median Sold Price Compared To Nearby Zip Codes
| 14085 | $287.5K | $305K | +6.1% |
| 14057 | $265K | $280K | +5.7% |
| 14006 | $172.5K | $180K | +4.3% |
| 14047 | $209K | $215K | +2.9% |
Housing Supply in 14047, NY
How many homes are available in 14047, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Summary: The 14047 real estate market had 21 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 1 | -75.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 14047 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 decreased by 75%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14047, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 14047 in March 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for 14047, NY
How long does it take to sell a home in 14047, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 5 Days | 41 Days | +731.4% |
Summary: Homes in 14047 had an average of 41 days on market in Mar 2024, up by 731.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 14047 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in 14047; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
