$1,068 Closing Credit*
$89,900
2,400 SqFt
5 Beds
•1 Full Bath, 1 Partial
Rick Scienza, Listing Office: Niebel Realty
Is 14048, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$107,500
$71/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,500(-4.9%)
Key Takeaway
Homes in 14048 have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in 14048 was $107,500 in November 2024, down 4.9% from last year, and the median price per square foot was $71.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $59.4K | -40.6% |
| 2 Bedrooms | $85K | $99.9K | +17.6% |
| 3 Bedrooms | $119.2K | $125K | +4.8% |
| 4 Bedrooms | $115K | $99.9K | -13.1% |
| 5+ Bedrooms | $82.5K | $107.5K | +30.3% |
Summary: 14048 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.6%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes increased by 30.3%.
Median Sold Price Compared To Nearby Zip Codes
| 14063 | $175K | $177K | +1.1% |
| 14048 | $113K | $107.5K | -4.9% |
Housing Supply in 14048, NY
How many homes are available in 14048, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 34 | -30.6% |
Summary: The 14048 real estate market had 34 homes for sale in November 2024, a 30.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 24 | 15 | -37.5% |
| 4 Bedrooms | 12 | 7 | -41.7% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 14048 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 41.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 14048 in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 10 Days | -68.7% |
Summary: Homes in 14048 had an average of 10 days on market in Nov 2024, down by 68.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 14048 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 14048; 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.
