Is 14207, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14207 is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 14207 was a Neutral Market.

Key Takeaway

14207 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 14207, NY

How much do homes in 14207, NY cost?

Median Sold Price

$149,900

$88/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$4,900(+3.4%)

Key Takeaway

Homes in 14207 have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in 14207 was $149,900 in February 2024, up 3.4% from last year, and the median price per square foot was $88.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$165K
N/A
2 $141.5K$92.5K
-34.6%
3 $141.3K$142K
0.5%
4 $149K$160K
+7.4%
5+ $83K$169.5K
+104.2%

Summary: 14207 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 34.6%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 104.2%.

Median Sold Price Compared To Nearby Zip Codes

14216
+12.2%
14150
+11.4%
14217
+5.8%
14207
+3.4%
14213
-1.8%

Housing Supply in 14207, NY

How many homes are available in 14207, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6753-20.9%

Summary: The 14207 real estate market had 53 homes for sale in February 2024, a 20.9% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 1917
-10.5%
4 2116
-23.8%
5+ 2516
-36.0%

Summary: The 14207 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 increased by 100%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 23.8%, and 5+ bedroom homes decreased by 36%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1218+50.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14207, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in 14207 in February 2024, up by 50.0% month-over-month. Of the 18 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for 14207, NY

How long does it take to sell a home in 14207, NY?

Average Sale Time

Feb 2023Feb 2024CHANGE
6 Days30 Days+368.0%

Summary: Homes in 14207 had an average of 30 days on market in Feb 2024, up by 368% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 14207 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 18 homes were sold in 14207; 67% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% 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 14207, NY

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