Is Lockport, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lockport is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Lockport has remained a Seller's Market.

Key Takeaway

Lockport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Lockport, NY cost?

Median Sold Price

$150,133

$100/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$5,133(+3.5%)

Key Takeaway

Homes in Lockport have sold for 3.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $65K-
N/A
2 $111K$133.8K
+20.6%
3 $145K$149.9K
+3.4%
4 $164.4K$154K
-6.4%
5+ $197.4K$231K
+17.0%

How many homes are available in Lockport, NY?

Number of Homes For Sale

Sep 2022Oct 2022%
10073-27.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 116
-45.5%
3 6646
-30.3%
4 1814
-22.2%
5+ 57
+40.0%

Number of Homes Sold

Sep 2022Oct 2022%
2721-22.2%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lockport, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
10 Days19 Days+75.1%

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lockport are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lockport, NY

Lockport, NY has 73 homes for sale to choose from. In October 2022 in Lockport, NY there were 27% less homes for sale than in September 2022. In October 2022, listings were on the market for 19 days. During the same period, the median list price in this real estate market was $150,133. Real estate listing prices changed between September 2022 and October 2022: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties became 20.6% more expensive, 3 bedrooms properties prices increased by 3.4%, prices of 4 bedrooms properties went down by 6.4%, 5 bedrooms properties became 17% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went down by 45.5%, the quantity of 3 bedrooms homes went down by 30.3%, 4 bedrooms homes inventory decreased by 22.2%, 5 bedrooms homes became 40% more available. While more than 11 listings in Lockport, NY in October 2022 were sold above asking price, there were more than 4 listings sold at asking price, and more than 6 were sold below.