Is 14612, 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, 14612 has remained a Seller's Market.
Key Takeaway
14612 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14612, NY
How much do homes in 14612, NY cost?
Median Sold Price
$237,333
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 14612 have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in 14612 was $237,333 in March 2024, up 10.4% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $111.5K | +17.4% |
| 2 Bedrooms | $170K | $193K | +13.5% |
| 3 Bedrooms | $200.5K | $242K | +20.7% |
| 4 Bedrooms | $250K | $265K | +6.0% |
| 5+ Bedrooms | $292K | $300K | +2.7% |
Summary: 14612 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.4%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 2.7%.
Housing Supply in 14612, NY
How many homes are available in 14612, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 65 | 59 | -9.2% |
Summary: The 14612 real estate market had 59 homes for sale in March 2024, a 9.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 30 | 31 | +3.3% |
| 4 Bedrooms | 20 | 13 | -35.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 14612 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 remained the same, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 35%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 22 | +69.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14612, you could pay more than the asking price. 86.4% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in 14612 in March 2024, up by 69.2% month-over-month. Of the 22 sold homes, 9% were sold under asking, 5% were sold at asking, and 86% were sold over asking.
Days on Market for 14612, NY
How long does it take to sell a home in 14612, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 8 Days | 12 Days | +51.3% |
Summary: Homes in 14612 had an average of 12 days on market in Mar 2024, up by 51.3% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 14612 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 22 homes were sold in 14612; 95% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
