Is 14011, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14011 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 14011 was a Buyer's Market.

Key Takeaway

14011 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 14011, NY

How much do homes in 14011, NY cost?

Median Sold Price

$201,000

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,500(+8.4%)

Key Takeaway

Homes in 14011 have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in 14011 was $201,000 in October 2024, up 8.4% from last year, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $126.4K$175K
+38.4%
3 $176.2K$200.9K
+14.0%
4 $170K$289K
+70.0%
5+ $280K$182.5K
-34.8%

Summary: 14011 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.4%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 70%, and 5+ bedroom homes decreased by 34.8%.

Housing Supply in 14011, NY

How many homes are available in 14011, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1716-5.9%

Summary: The 14011 real estate market had 16 homes for sale in October 2024, a 5.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 96
-33.3%
4 56
+20.0%
5+ 12
+100.0%

Summary: The 14011 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
27+250.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14011, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 14011 in October 2024, up by 250.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.

Days on Market for 14011, NY

How long does it take to sell a home in 14011, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
2 Days7 Days+292.9%

Summary: Homes in 14011 had an average of 7 days on market in Oct 2024, up by 292.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 14011 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in 14011; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 4 Days Ago

Newest Listings in 14011, NY

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