$1,543 Closing Credit*
$129,900
1,638 SqFt
3 Beds
•2 Full Baths
Brittany Cerrie, Listing Office: Howard Hanna Holt - Fredonia
Is 14048, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 14048 was a Neutral Market.
Key Takeaway
14048 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14048, NY
How much do homes in 14048, NY cost?
Median Sold Price
$105,000
$72/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,000(-8.7%)
Key Takeaway
Homes in 14048 have sold for 8.7% less than they did a year ago.
Summary: The median home sold price in 14048 was $105,000 in October 2024, down 8.7% from last year, and the median price per square foot was $72.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $59.4K | -40.6% |
| 2 Bedrooms | $99.9K | $93.2K | -6.7% |
| 3 Bedrooms | $120K | $121K | +0.8% |
| 4 Bedrooms | $118.5K | $99.9K | -15.7% |
| 5+ Bedrooms | $82.5K | $105K | +27.3% |
Summary: 14048 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.6%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 15.7%, and 5+ bedroom homes increased by 27.3%.
Median Sold Price Compared To Nearby Zip Codes
| 14063 | $170K | $176K | +3.5% |
| 14062 | $158K | $148.7K | -5.9% |
| 14048 | $115K | $105K | -8.7% |
Housing Supply in 14048, NY
How many homes are available in 14048, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 45 | +2.3% |
Summary: The 14048 real estate market had 45 homes for sale in October 2024, a 2.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 21 | 22 | +4.8% |
| 4 Bedrooms | 13 | 10 | -23.1% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The 14048 housing inventory by bedroom type for October 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 4.8%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14048, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 14048 in October 2024, the same as the previous month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for 14048, NY
How long does it take to sell a home in 14048, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 19 Days | +17.8% |
Summary: Homes in 14048 had an average of 19 days on market in Oct 2024, up by 17.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 14048 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 14048; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
