Is 14617, 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, 14617 has remained a Seller's Market.
Key Takeaway
14617 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14617, NY
How much do homes in 14617, NY cost?
Median Sold Price
$236,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 14617 have sold for 17.4% more than they did a year ago.
Summary: The median home sold price in 14617 was $236,000 in March 2024, up 17.4% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $88K | $118.1K | +34.2% |
| 2 Bedrooms | $179.9K | $200K | +11.2% |
| 3 Bedrooms | $200K | $234K | +17.0% |
| 4 Bedrooms | $227.5K | $265K | +16.5% |
| 5+ Bedrooms | $220K | $295K | +34.1% |
Summary: 14617 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 11.2%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 34.1%.
Housing Supply in 14617, NY
How many homes are available in 14617, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 40 | -20.0% |
Summary: The 14617 real estate market had 40 homes for sale in March 2024, a 20.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 32 | 19 | -40.6% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 14617 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 decreased by 40.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14617, you could pay more than the asking price. 95% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 14617 in March 2024, up by 17.6% month-over-month. Of the 20 sold homes, 5% were sold under asking, 0% were sold at asking, and 95% were sold over asking.
Days on Market for 14617, NY
How long does it take to sell a home in 14617, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 7 Days | 8 Days | +18.9% |
Summary: Homes in 14617 had an average of 8 days on market in Mar 2024, up by 18.9% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 14617 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in 14617; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
