Is Lockport, 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, Lockport was a Seller's Market.
Key Takeaway
Lockport is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lockport, NY
How much do homes in Lockport, NY cost?
Median Sold Price
$208,500
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lockport have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Lockport was $208,500 in April 2024, up 3.7% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80.5K | $17.4K | -78.4% |
| 2 Bedrooms | $165K | $158K | -4.2% |
| 3 Bedrooms | $194K | $215K | +10.8% |
| 4 Bedrooms | $243.5K | $256.4K | +5.3% |
| 5+ Bedrooms | $319.9K | $205K | -35.9% |
Summary: Lockport housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 78.4%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 35.9%.
Housing Supply in Lockport, NY
How many homes are available in Lockport, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 108 | 111 | +2.8% |
Summary: The Lockport real estate market had 111 homes for sale in April 2024, a 2.8% 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 | 9 | 12 | +33.3% |
| 3 Bedrooms | 49 | 50 | +2.0% |
| 4 Bedrooms | 39 | 39 | 0.0% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Lockport 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 increased by 33.3%, 3 bedroom homes increased by 2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 15 | -40.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lockport, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Lockport in April 2024, down by 40.0% month-over-month. Of the 15 sold homes, 47% were sold under asking, 0% were sold at asking, and 53% were sold over asking.
Days on Market for Lockport, NY
How long does it take to sell a home in Lockport, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 35 Days | +11.6% |
Summary: Homes in Lockport had an average of 35 days on market in Apr 2024, up by 11.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lockport are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Lockport; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
