Is 14075, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14075 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 14075 has remained a Seller's Market.

Key Takeaway

14075 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 14075, NY

How much do homes in 14075, NY cost?

Median Sold Price

$308,125

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,816(+5.8%)

Key Takeaway

Homes in 14075 have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in 14075 was $308,125 in October 2024, up 5.8% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $168K$75K
-55.4%
2 $222K$247.5K
+11.5%
3 $275K$290K
+5.5%
4 $386.3K$390K
+0.9%
5+ $370K$367.5K
-0.7%

Summary: 14075 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.4%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 0.7%.

Median Sold Price Compared To Nearby Zip Codes

14085
+13.1%
14219
+10.5%
14127
+8.1%
14075
+5.8%
14057
-4.3%

Housing Supply in 14075, NY

How many homes are available in 14075, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
149115-22.8%

Summary: The 14075 real estate market had 115 homes for sale in October 2024, a 22.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1921
+10.5%
3 7761
-20.8%
4 4931
-36.7%
5+ 42
-50.0%

Summary: The 14075 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 increased by 10.5%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes decreased by 36.7%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4625-45.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14075, you could pay more than the asking price. 56% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in 14075 in October 2024, down by 45.7% month-over-month. Of the 25 sold homes, 32% were sold under asking, 12% were sold at asking, and 56% were sold over asking.

Days on Market for 14075, NY

How long does it take to sell a home in 14075, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days22 Days+35.7%

Summary: Homes in 14075 had an average of 22 days on market in Oct 2024, up by 35.7% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 14075 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 25 homes were sold in 14075; 68% of homes were sold within 30 days, 32% 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 14075, NY

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