Is 14620, 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, 14620 has remained a Seller's Market.
Key Takeaway
14620 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14620, NY
How much do homes in 14620, NY cost?
Median Sold Price
$250,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 14620 have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in 14620 was $250,000 in March 2024, up 14.5% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $140K | +40.0% |
| 2 Bedrooms | $176.7K | $192.5K | +8.9% |
| 3 Bedrooms | $220K | $255K | +15.9% |
| 4 Bedrooms | $250K | $260K | +4.0% |
| 5+ Bedrooms | $279.9K | $319.3K | +14.1% |
Summary: 14620 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 14.1%.
Median Sold Price Compared To Nearby Zip Codes
| 14620 | $218.2K | $250K | +14.5% |
| 14608 | $96.2K | $110K | +14.3% |
Housing Supply in 14620, NY
How many homes are available in 14620, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 34 | +70.0% |
Summary: The 14620 real estate market had 34 homes for sale in March 2024, a 70.0% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 7 | 13 | +85.7% |
| 4 Bedrooms | 4 | 11 | +175.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 14620 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 85.7%, 4 bedroom homes increased by 175%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14620, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 14620 in March 2024, the same as the previous month. Of the 7 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% were sold over asking.
Days on Market for 14620, NY
How long does it take to sell a home in 14620, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 8 Days | 15 Days | +92.0% |
Summary: Homes in 14620 had an average of 15 days on market in Mar 2024, up by 92% compared to last year.
Breakdown of Home Sale Times
6 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 14620 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in 14620; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
