Is 14616, 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, 14616 has remained a Seller's Market.
Key Takeaway
14616 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14616, NY
How much do homes in 14616, NY cost?
Median Sold Price
$185,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 14616 have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in 14616 was $185,000 in March 2024, up 15.6% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123.5K | $71.7K | -41.9% |
| 2 Bedrooms | $136.5K | $160K | +17.2% |
| 3 Bedrooms | $160K | $185K | +15.6% |
| 4 Bedrooms | $181K | $206K | +13.8% |
| 5+ Bedrooms | $250K | $275K | +10.0% |
Summary: 14616 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.9%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 10%.
Housing Supply in 14616, NY
How many homes are available in 14616, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 64 | 61 | -4.7% |
Summary: The 14616 real estate market had 61 homes for sale in March 2024, a 4.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 37 | 33 | -10.8% |
| 4 Bedrooms | 14 | 19 | +35.7% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 14616 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 decreased by 25%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 28 | +86.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14616, you could pay more than the asking price. 92.9% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in 14616 in March 2024, up by 86.7% month-over-month. Of the 28 sold homes, 7% were sold under asking, 0% were sold at asking, and 93% were sold over asking.
Days on Market for 14616, NY
How long does it take to sell a home in 14616, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 7 Days | 7 Days | -2.4% |
Summary: Homes in 14616 had an average of 7 days on market in Mar 2024, down by 2.4% compared to last year.
Breakdown of Home Sale Times
28 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 14616 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 28 homes were sold in 14616; 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.
