Is 14220, 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, 14220 has remained a Seller's Market.
Key Takeaway
14220 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14220, NY
How much do homes in 14220, NY cost?
Median Sold Price
$200,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 14220 have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in 14220 was $200,000 in April 2024, up 3.6% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $151K | $148.7K | -1.5% |
| 3 Bedrooms | $201.2K | $200.5K | -0.4% |
| 4 Bedrooms | $190K | $200K | +5.3% |
| 5+ Bedrooms | $166.9K | $210K | +25.8% |
Summary: 14220 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 decreased by 1.5%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 25.8%.
Housing Supply in 14220, NY
How many homes are available in 14220, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 55 | 65 | +18.2% |
Summary: The 14220 real estate market had 65 homes for sale in April 2024, a 18.2% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 24 | 30 | +25.0% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The 14220 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 50%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14220, you could pay more than the asking price. 84.6% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 14220 in April 2024, down by 7.1% month-over-month. Of the 13 sold homes, 8% were sold under asking, 8% were sold at asking, and 85% were sold over asking.
Days on Market for 14220, NY
How long does it take to sell a home in 14220, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 21 Days | -46.8% |
Summary: Homes in 14220 had an average of 21 days on market in Apr 2024, down by 46.8% compared to last year.
Breakdown of Home Sale Times
11 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 14220 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in 14220; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
