Is 14216, 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, 14216 was a Seller's Market.
Key Takeaway
14216 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 14216, NY
How much do homes in 14216, NY cost?
Median Sold Price
$302,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 14216 have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in 14216 was $302,000 in March 2024, up 10.4% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $147K | $185.9K | +26.5% |
| 3 Bedrooms | $261.5K | $279.9K | +7.0% |
| 4 Bedrooms | $409.5K | $295K | -28.0% |
| 5+ Bedrooms | $507.5K | $355K | -30.0% |
Summary: 14216 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 26.5%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 28%, and 5+ bedroom homes decreased by 30%.
Housing Supply in 14216, NY
How many homes are available in 14216, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 34 | -19.0% |
Summary: The 14216 real estate market had 34 homes for sale in March 2024, a 19.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 17 | 12 | -29.4% |
| 4 Bedrooms | 11 | 5 | -54.5% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The 14216 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 remained the same, 3 bedroom homes decreased by 29.4%, 4 bedroom homes decreased by 54.5%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14216, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 14216 in March 2024, down by 44.4% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for 14216, NY
How long does it take to sell a home in 14216, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 16 Days | 73 Days | +350.7% |
Summary: Homes in 14216 had an average of 73 days on market in Mar 2024, up by 350.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 14216 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in 14216; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
