Is 14551, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 14551 was a Buyer's Market.
Key Takeaway
14551 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14551, NY
How much do homes in 14551, NY cost?
Median Sold Price
$160,750
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 14551 have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in 14551 was $160,750 in March 2024, down 2.6% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.5K | $40K | -78.1% |
| 2 Bedrooms | $160K | $116K | -27.5% |
| 3 Bedrooms | $168.5K | $180K | +6.8% |
| 4 Bedrooms | $127.2K | $163.2K | +28.3% |
| 5+ Bedrooms | $262.5K | $242.5K | -7.6% |
Summary: 14551 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 78.1%, 2 bedroom homes decreased by 27.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 28.3%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Zip Codes
| 14589 | $178.9K | $225K | +25.8% |
| 14551 | $165K | $160.7K | -2.6% |
Housing Supply in 14551, NY
How many homes are available in 14551, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Summary: The 14551 real estate market had 5 homes for sale in March 2024, a 44.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 14551 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 14551, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 14551 in March 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 14551, NY
How long does it take to sell a home in 14551, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 6 Days | 30 Days | +408.3% |
Summary: Homes in 14551 had an average of 30 days on market in Mar 2024, up by 408.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 14551 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in 14551; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
