Is 14214, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 14214 has remained a Seller's Market.
Key Takeaway
14214 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14214, NY
How much do homes in 14214, NY cost?
Median Sold Price
$310,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 14214 have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in 14214 was $310,000 in March 2024, up 8.8% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $132.2K | $195.6K | +48.0% |
| 3 Bedrooms | $238.5K | $300K | +25.8% |
| 4 Bedrooms | $324.3K | $350K | +7.9% |
| 5+ Bedrooms | $240K | $327.5K | +36.5% |
Summary: 14214 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 48%, 3 bedroom homes increased by 25.8%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 36.5%.
Housing Supply in 14214, NY
How many homes are available in 14214, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 41 | 40 | -2.4% |
Summary: The 14214 real estate market had 40 homes for sale in March 2024, a 2.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 15 | 11 | -26.7% |
Summary: The 14214 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 42.9%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 26.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14214, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 14214 in March 2024, down by 36.4% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for 14214, NY
How long does it take to sell a home in 14214, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 32 Days | 26 Days | -18.8% |
Summary: Homes in 14214 had an average of 26 days on market in Mar 2024, down by 18.8% 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
Key Takeaway
Many homes in 14214 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in 14214; 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.
