Is 14225, 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, 14225 has remained a Seller's Market.
Key Takeaway
14225 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14225, NY
How much do homes in 14225, NY cost?
Median Sold Price
$210,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 14225 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 14225 was $210,000 in March 2024, up 7.1% 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 | $163.2K | $190.5K | +16.7% |
| 3 Bedrooms | $199.9K | $210K | +5.1% |
| 4 Bedrooms | $213.5K | $216.5K | +1.4% |
| 5+ Bedrooms | $270K | $250K | -7.4% |
Summary: 14225 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 16.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 7.4%.
Housing Supply in 14225, NY
How many homes are available in 14225, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 89 | 67 | -24.7% |
Summary: The 14225 real estate market had 67 homes for sale in March 2024, a 24.7% 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 | 13 | 6 | -53.8% |
| 3 Bedrooms | 49 | 33 | -32.7% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 14225 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 53.8%, 3 bedroom homes decreased by 32.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 23 | -28.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14225, you could pay more than the asking price. 60.9% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in 14225 in March 2024, down by 28.1% month-over-month. Of the 23 sold homes, 30% were sold under asking, 9% were sold at asking, and 61% were sold over asking.
Days on Market for 14225, NY
How long does it take to sell a home in 14225, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 15 Days | 13 Days | -13.2% |
Summary: Homes in 14225 had an average of 13 days on market in Mar 2024, down by 13.2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 14225 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in 14225; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
