Is 14227, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 14227 was a Buyer's Market.
Key Takeaway
14227 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14227, NY
How much do homes in 14227, NY cost?
Median Sold Price
$240,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 14227 have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in 14227 was $240,000 in April 2024, up 6.7% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $170K | N/A |
| 2 Bedrooms | $212.5K | $202.5K | -4.7% |
| 3 Bedrooms | $224.6K | $239.9K | +6.8% |
| 4 Bedrooms | $247K | $270K | +9.3% |
| 5+ Bedrooms | $235K | $265K | +12.8% |
Summary: 14227 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 4.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 12.8%.
Housing Supply in 14227, NY
How many homes are available in 14227, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 63 | +8.6% |
Summary: The 14227 real estate market had 63 homes for sale in April 2024, a 8.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 35 | 36 | +2.9% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 14227 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 60%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14227, you could pay more than the asking price. 90.9% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 14227 in April 2024, down by 31.3% month-over-month. Of the 11 sold homes, 9% were sold under asking, 0% were sold at asking, and 91% were sold over asking.
Days on Market for 14227, NY
How long does it take to sell a home in 14227, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 8 Days | -82.0% |
Summary: Homes in 14227 had an average of 8 days on market in Apr 2024, down by 82% compared to last year.
Breakdown of Home Sale Times
11 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 14227 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in 14227; 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.
