$3,324 Closing Credit*
$279,900
1,368 SqFt
2 Beds
•2 Full Baths
James G LoVallo, Listing Office: LoVallo Real Estate
Is 14051, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 14051 has remained a Seller's Market.
Key Takeaway
14051 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14051, NY
How much do homes in 14051, NY cost?
Median Sold Price
$431,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$26,500(-5.8%)
Key Takeaway
Homes in 14051 have sold for 5.8% less than they did a year ago.
Summary: The median home sold price in 14051 was $431,000 in November 2024, down 5.8% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $170K | -19.0% |
| 2 Bedrooms | $240K | $232K | -3.3% |
| 3 Bedrooms | $350K | $394K | +12.6% |
| 4 Bedrooms | $500K | $535K | +7.0% |
| 5+ Bedrooms | $654.5K | $640K | -2.2% |
Summary: 14051 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 2.2%.
Housing Supply in 14051, NY
How many homes are available in 14051, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 | 51 | -37.0% |
Summary: The 14051 real estate market had 51 homes for sale in November 2024, a 37.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 31 | 18 | -41.9% |
| 4 Bedrooms | 30 | 17 | -43.3% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 14051 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 41.9%, 4 bedroom homes decreased by 43.3%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 11 | -47.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14051, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 14051 in November 2024, down by 47.6% month-over-month. Of the 11 sold homes, 18% were sold under asking, 9% were sold at asking, and 73% were sold over asking.
Days on Market for 14051, NY
How long does it take to sell a home in 14051, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 6 Days | -69.9% |
Summary: Homes in 14051 had an average of 6 days on market in Nov 2024, down by 69.9% compared to last year.
Breakdown of Home Sale Times
11 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 14051 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in 14051; 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.
