Is 14607, 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, 14607 was a Buyer's Market.
Key Takeaway
14607 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14607, NY
How much do homes in 14607, NY cost?
Median Sold Price
$346,950
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 14607 have sold for 19.8% more than they did a year ago.
Summary: The median home sold price in 14607 was $346,950 in April 2024, up 19.8% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155.5K | $158.2K | +1.7% |
| 2 Bedrooms | $252K | $278K | +10.3% |
| 3 Bedrooms | $245K | $287.2K | +17.2% |
| 4 Bedrooms | $325.2K | $330K | +1.5% |
| 5+ Bedrooms | $395.5K | $400K | +1.1% |
Summary: 14607 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Zip Codes
| 14607 | $289.5K | $346.9K | +19.8% |
| 14620 | $219.2K | $253K | +15.4% |
| 14605 | $70.6K | $70K | -0.9% |
Housing Supply in 14607, NY
How many homes are available in 14607, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 30 | -16.7% |
Summary: The 14607 real estate market had 30 homes for sale in April 2024, a 16.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The 14607 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14607, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 14607 in April 2024, up by 50.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for 14607, NY
How long does it take to sell a home in 14607, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 5 Days | 26 Days | +386.4% |
Summary: Homes in 14607 had an average of 26 days on market in Apr 2024, up by 386.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 14607 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in 14607; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
