Is 14218, 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, 14218 has remained a Seller's Market.
Key Takeaway
14218 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14218, NY
How much do homes in 14218, NY cost?
Median Sold Price
$191,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 14218 have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in 14218 was $191,000 in April 2024, up 10.7% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $102.5K | $160K | +56.1% |
| 3 Bedrooms | $176.2K | $178.7K | +1.4% |
| 4 Bedrooms | $180K | $205.5K | +14.2% |
| 5+ Bedrooms | $221.1K | $202.4K | -8.4% |
Summary: 14218 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 56.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes decreased by 8.4%.
Housing Supply in 14218, NY
How many homes are available in 14218, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 41 | +2.5% |
Summary: The 14218 real estate market had 41 homes for sale in April 2024, a 2.5% increase 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 | 1 | 4 | +300.0% |
| 3 Bedrooms | 22 | 18 | -18.2% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The 14218 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 300%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14218, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 14218 in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for 14218, NY
How long does it take to sell a home in 14218, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 10 Days | -49.7% |
Summary: Homes in 14218 had an average of 10 days on market in Apr 2024, down by 49.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 14218 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in 14218; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
