Is 14072, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14072 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 14072 has remained a Seller's Market.

Key Takeaway

14072 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 14072, NY

How much do homes in 14072, NY cost?

Median Sold Price

$360,000

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,750(+9.0%)

Key Takeaway

Homes in 14072 have sold for 9% more than they did a year ago.

Summary: The median home sold price in 14072 was $360,000 in October 2024, up 9% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $315K$240K
-23.8%
3 $315.1K$333.5K
+5.8%
4 $393.5K$423K
+7.5%
5+ $365K$407.5K
+11.6%

Summary: 14072 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 decreased by 23.8%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 11.6%.

Median Sold Price Compared To Nearby Zip Codes

14072
+9.0%
14120
+7.1%
14304
+6.9%
14150
+4.5%
14303
-6.2%

Housing Supply in 14072, NY

How many homes are available in 14072, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7970-11.4%

Summary: The 14072 real estate market had 70 homes for sale in October 2024, a 11.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 66
0.0%
3 3832
-15.8%
4 3227
-15.6%
5+ 35
+66.7%

Summary: The 14072 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2118-14.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14072, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in 14072 in October 2024, down by 14.3% month-over-month. Of the 18 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for 14072, NY

How long does it take to sell a home in 14072, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days14 Days-9.0%

Summary: Homes in 14072 had an average of 14 days on market in Oct 2024, down by 9% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 14072 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 18 homes were sold in 14072; 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 20 Days Ago

Newest Listings in 14072, NY

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