Is 14608, 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, 14608 has remained a Seller's Market.
Key Takeaway
14608 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14608, NY
How much do homes in 14608, NY cost?
Median Sold Price
$110,000
$54/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 14608 have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in 14608 was $110,000 in March 2024, up 14.3% from last year, and the median price per square foot was $54.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136K | $182.5K | +34.2% |
| 2 Bedrooms | $237.1K | $240.5K | +1.4% |
| 3 Bedrooms | $75K | $130K | +73.3% |
| 4 Bedrooms | $71K | $109K | +53.5% |
| 5+ Bedrooms | $156K | $100K | -35.9% |
Summary: 14608 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.2%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 73.3%, 4 bedroom homes increased by 53.5%, and 5+ bedroom homes decreased by 35.9%.
Housing Supply in 14608, NY
How many homes are available in 14608, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 41 | +2.5% |
Summary: The 14608 real estate market had 41 homes for sale in March 2024, a 2.5% increase 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 5 | 11 | +120.0% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 22 | 18 | -18.2% |
Summary: The 14608 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 25%, 3 bedroom homes increased by 120%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14608, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 14608 in March 2024, up by 80.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for 14608, NY
How long does it take to sell a home in 14608, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 29 Days | 32 Days | +9.7% |
Summary: Homes in 14608 had an average of 32 days on market in Mar 2024, up by 9.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 14608 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in 14608; 78% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
