Is 14127, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14127 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 14127 has remained a Seller's Market.

Key Takeaway

14127 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 14127, NY

How much do homes in 14127, NY cost?

Median Sold Price

$416,000

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,000(+8.1%)

Key Takeaway

Homes in 14127 have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in 14127 was $416,000 in October 2024, up 8.1% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$285K
N/A
2 $265K$283.4K
+7.0%
3 $320K$358K
+11.9%
4 $525K$517.5K
-1.4%
5+ $435.6K$524.9K
+20.5%

Summary: 14127 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 increased by 7%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 20.5%.

Median Sold Price Compared To Nearby Zip Codes

14219
+10.5%
14224
+9.9%
14127
+8.1%
14218
+6.3%

Housing Supply in 14127, NY

How many homes are available in 14127, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
11799-15.4%

Summary: The 14127 real estate market had 99 homes for sale in October 2024, a 15.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1211
-8.3%
3 3934
-12.8%
4 5546
-16.4%
5+ 118
-27.3%

Summary: The 14127 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 decreased by 8.3%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes decreased by 27.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2527+8.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14127, you could pay more than the asking price. 59.3% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in 14127 in October 2024, up by 8.0% month-over-month. Of the 27 sold homes, 33% were sold under asking, 7% were sold at asking, and 59% were sold over asking.

Days on Market for 14127, NY

How long does it take to sell a home in 14127, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days18 Days-17.5%

Summary: Homes in 14127 had an average of 18 days on market in Oct 2024, down by 17.5% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 14127 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 27 homes were sold in 14127; 78% of homes were sold within 30 days, 22% 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 14127, NY

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