Is 14224, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 14224 has remained a Seller's Market.
Key Takeaway
14224 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14224, NY
How much do homes in 14224, NY cost?
Median Sold Price
$260,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 14224 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 14224 was $260,000 in April 2024, up 7.7% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $95K | N/A |
| 2 Bedrooms | $168K | $185K | +10.1% |
| 3 Bedrooms | $244.5K | $261K | +6.7% |
| 4 Bedrooms | $290K | $280K | -3.4% |
| 5+ Bedrooms | $290K | $319K | +10.0% |
Summary: 14224 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 10.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 10%.
Housing Supply in 14224, NY
How many homes are available in 14224, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 78 | 86 | +10.3% |
Summary: The 14224 real estate market had 86 homes for sale in April 2024, a 10.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 18 | 18 | 0.0% |
| 3 Bedrooms | 32 | 40 | +25.0% |
| 4 Bedrooms | 23 | 24 | +4.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 14224 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14224, you could pay more than the asking price. 81.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 14224 in April 2024, down by 11.1% month-over-month. Of the 16 sold homes, 13% were sold under asking, 6% were sold at asking, and 81% were sold over asking.
Days on Market for 14224, NY
How long does it take to sell a home in 14224, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 17 Days | -13.5% |
Summary: Homes in 14224 had an average of 17 days on market in Apr 2024, down by 13.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 14224 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in 14224; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
