Is 14031, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14031 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $170.5K$225K
+32.0%
3 $339.9K$439K
+29.1%
4 $600K$640K
+6.7%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

14031
+16.4%
14001
+11.7%
14032
+7.2%
14221
+5.1%
14086
-2.1%

Housing Supply in 14031, NY

How many homes are available in 14031, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5649-12.5%

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

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 31
-66.7%
3 1915
-21.1%
4 2827
-3.6%
5+ 65
-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 2024Oct 2024CHANGE
12120.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
17 Days16 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

Breakdown of Home Sale Times

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.

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 14031, NY

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