Is 14223, 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, 14223 has remained a Seller's Market.
Key Takeaway
14223 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14223, NY
How much do homes in 14223, NY cost?
Median Sold Price
$240,250
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 14223 have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in 14223 was $240,250 in March 2024, up 4.5% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $183K | $199.9K | +9.2% |
| 3 Bedrooms | $235K | $238.4K | +1.5% |
| 4 Bedrooms | $244.7K | $280K | +14.4% |
| 5+ Bedrooms | $262.4K | $265K | +1.0% |
Summary: 14223 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 9.2%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 1%.
Housing Supply in 14223, NY
How many homes are available in 14223, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 37 | -14.0% |
Summary: The 14223 real estate market had 37 homes for sale in March 2024, a 14.0% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 28 | 25 | -10.7% |
| 4 Bedrooms | 8 | 4 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 14223 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 increased by 20%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14223, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 14223 in March 2024, down by 35.7% month-over-month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.
Days on Market for 14223, NY
How long does it take to sell a home in 14223, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 16 Days | 15 Days | -2.1% |
Summary: Homes in 14223 had an average of 15 days on market in Mar 2024, down by 2.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 14223 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in 14223; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
