Is 14072, 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, 14072 has remained a Seller's Market.
Key Takeaway
14072 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14072, NY
How much do homes in 14072, NY cost?
Median Sold Price
$350,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 14072 have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in 14072 was $350,000 in April 2024, up 10.4% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $248.2K | $315K | +26.9% |
| 3 Bedrooms | $303.1K | $350K | +15.5% |
| 4 Bedrooms | $375K | $400K | +6.7% |
| 5+ Bedrooms | $565.1K | $291.3K | -48.5% |
Summary: 14072 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 26.9%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 48.5%.
Housing Supply in 14072, NY
How many homes are available in 14072, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 61 | 58 | -4.9% |
Summary: The 14072 real estate market had 58 homes for sale in April 2024, a 4.9% 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 | 8 | 5 | -37.5% |
| 3 Bedrooms | 27 | 30 | +11.1% |
| 4 Bedrooms | 23 | 20 | -13.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 14072 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 37.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14072, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in 14072 in April 2024, down by 6.3% month-over-month. Of the 15 sold homes, 27% were sold under asking, 13% were sold at asking, and 60% were sold over asking.
Days on Market for 14072, NY
How long does it take to sell a home in 14072, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 13 Days | 28 Days | +118.2% |
Summary: Homes in 14072 had an average of 28 days on market in Apr 2024, up by 118.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 14072 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in 14072; 87% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
