Is 14701, 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, 14701 has remained a Seller's Market.
Key Takeaway
14701 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14701, NY
How much do homes in 14701, NY cost?
Median Sold Price
$95,982
$65/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 14701 have sold for 9.5% less than they did a year ago.
Summary: The median home sold price in 14701 was $95,982 in March 2024, down 9.5% from last year, and the median price per square foot was $65.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $141.3K | +13.0% |
| 2 Bedrooms | $92.5K | $95.2K | +3.0% |
| 3 Bedrooms | $105K | $100.9K | -3.9% |
| 4 Bedrooms | $112.2K | $90.5K | -19.4% |
| 5+ Bedrooms | $218.5K | $89.9K | -58.9% |
Summary: 14701 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 3%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes decreased by 58.9%.
Median Sold Price Compared To Nearby Zip Codes
| 14733 | $99K | $129K | +30.3% |
| 14750 | $192K | $208K | +8.3% |
| 14701 | $106K | $95.9K | -9.5% |
Housing Supply in 14701, NY
How many homes are available in 14701, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 155 | 151 | -2.6% |
Summary: The 14701 real estate market had 151 homes for sale in March 2024, a 2.6% 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 | 29 | 23 | -20.7% |
| 3 Bedrooms | 55 | 57 | +3.6% |
| 4 Bedrooms | 41 | 42 | +2.4% |
| 5+ Bedrooms | 29 | 29 | 0.0% |
Summary: The 14701 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 20.7%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 33 | +32.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14701, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in 14701 in March 2024, up by 32.0% month-over-month. Of the 33 sold homes, 64% were sold under asking, 24% were sold at asking, and 12% were sold over asking.
Days on Market for 14701, NY
How long does it take to sell a home in 14701, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 23 Days | 36 Days | +57.2% |
Summary: Homes in 14701 had an average of 36 days on market in Mar 2024, up by 57.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 14701 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 33 homes were sold in 14701; 67% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
