$2,672 Closing Credit*
$225,000
1,704 SqFt
3 Beds
•2 Full Baths
Carol Klein, Listing Office: HUNT Real Estate Corporation
Is 14031, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 14031 has remained a Seller's Market.
Key Takeaway
14031 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14031, NY
How much do homes in 14031, NY cost?
Median Sold Price
$515,007
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$72,507(+16.4%)
Key Takeaway
Homes in 14031 have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in 14031 was $515,007 in October 2024, up 16.4% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170.5K | $225K | +32.0% |
| 3 Bedrooms | $339.9K | $439K | +29.1% |
| 4 Bedrooms | $600K | $640K | +6.7% |
| 5+ Bedrooms | $660K | $775K | +17.4% |
Summary: 14031 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 32%, 3 bedroom homes increased by 29.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 17.4%.
Housing Supply in 14031, NY
How many homes are available in 14031, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 49 | -12.5% |
Summary: The 14031 real estate market had 49 homes for sale in October 2024, a 12.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 19 | 15 | -21.1% |
| 4 Bedrooms | 28 | 27 | -3.6% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 14031 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14031, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 14031 in October 2024, the same as the previous month. Of the 12 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.
Days on Market for 14031, NY
How long does it take to sell a home in 14031, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 16 Days | -9.7% |
Summary: Homes in 14031 had an average of 16 days on market in Oct 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 14031 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in 14031; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
