Is 14618, 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, 14618 was a Seller's Market.
Key Takeaway
14618 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 14618, NY
How much do homes in 14618, NY cost?
Median Sold Price
$377,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 14618 have sold for 25.7% more than they did a year ago.
Summary: The median home sold price in 14618 was $377,000 in April 2024, up 25.7% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $203.5K | $235K | +15.5% |
| 3 Bedrooms | $280K | $341K | +21.8% |
| 4 Bedrooms | $385K | $416K | +8.1% |
| 5+ Bedrooms | $584K | $618K | +5.8% |
Summary: 14618 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 21.8%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Zip Codes
| 14618 | $300K | $377K | +25.7% |
| 14445 | $170K | $205K | +20.6% |
| 14620 | $219.2K | $253K | +15.4% |
| 14610 | $268.5K | $305K | +13.6% |
| 14534 | $400K | $450K | +12.5% |
Housing Supply in 14618, NY
How many homes are available in 14618, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 | 63 | +16.7% |
Summary: The 14618 real estate market had 63 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 21 | 21 | 0.0% |
| 3 Bedrooms | 17 | 23 | +35.3% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 2 | 7 | +250.0% |
Summary: The 14618 housing inventory by bedroom type for April 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 35.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 250%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14618, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 14618 in April 2024, down by 38.5% month-over-month. Of the 8 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for 14618, NY
How long does it take to sell a home in 14618, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 7 Days | -13.2% |
Summary: Homes in 14618 had an average of 7 days on market in Apr 2024, down by 13.2% compared to last year.
Breakdown of Home Sale Times
8 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 14618 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in 14618; 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.
