Is 14221, 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, 14221 has remained a Seller's Market.
Key Takeaway
14221 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14221, NY
How much do homes in 14221, NY cost?
Median Sold Price
$355,220
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 14221 have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in 14221 was $355,220 in March 2024, up 1.6% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $133K | $133.5K | 0.4% |
| 2 Bedrooms | $236K | $250.5K | +6.1% |
| 3 Bedrooms | $323.3K | $335.5K | +3.8% |
| 4 Bedrooms | $420K | $429.5K | +2.3% |
| 5+ Bedrooms | $460K | $438K | -4.8% |
Summary: 14221 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 4.8%.
Housing Supply in 14221, NY
How many homes are available in 14221, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 134 | 119 | -11.2% |
Summary: The 14221 real estate market had 119 homes for sale in March 2024, a 11.2% 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 | 41 | 37 | -9.8% |
| 3 Bedrooms | 51 | 43 | -15.7% |
| 4 Bedrooms | 35 | 32 | -8.6% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 14221 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 decreased by 9.8%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14221, you may be able to get a good deal. 39.1% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in 14221 in March 2024, down by 8.0% month-over-month. Of the 23 sold homes, 39% were sold under asking, 22% were sold at asking, and 39% were sold over asking.
Days on Market for 14221, NY
How long does it take to sell a home in 14221, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 27 Days | -25.2% |
Summary: Homes in 14221 had an average of 27 days on market in Mar 2024, down by 25.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 14221 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in 14221; 74% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
