Is 14048, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 14048 has remained a Seller's Market.
Key Takeaway
14048 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14048, NY
How much do homes in 14048, NY cost?
Median Sold Price
$112,500
$68/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 14048 have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in 14048 was $112,500 in April 2024, up 2.2% from last year, and the median price per square foot was $68.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $100K | N/A |
| 2 Bedrooms | $90.5K | $121K | +33.7% |
| 3 Bedrooms | $113K | $121K | +7.1% |
| 4 Bedrooms | $124K | $93K | -25.0% |
| 5+ Bedrooms | $96.6K | $82K | -15.2% |
Summary: 14048 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 33.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 15.2%.
Median Sold Price Compared To Nearby Zip Codes
| 14063 | $169.9K | $177K | +4.2% |
| 14048 | $110.1K | $112.5K | +2.2% |
Housing Supply in 14048, NY
How many homes are available in 14048, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 39 | -13.3% |
Summary: The 14048 real estate market had 39 homes for sale in April 2024, a 13.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 19 | 16 | -15.8% |
| 4 Bedrooms | 16 | 10 | -37.5% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 14048 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 increased by 14.3%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14048, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 14048 in April 2024, up by 28.6% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for 14048, NY
How long does it take to sell a home in 14048, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 37 Days | +6.0% |
Summary: Homes in 14048 had an average of 37 days on market in Apr 2024, up by 6% compared to last year.
Breakdown of Home Sale Times
5 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 14048 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in 14048; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
