Is 14172, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14172 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 14172 has remained a Seller's Market.

Key Takeaway

14172 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 14172, NY

How much do homes in 14172, NY cost?

Median Sold Price

$191,500

$140/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$48,450(-20.2%)

Key Takeaway

Homes in 14172 have sold for 20.2% less than they did a month ago.

Summary: The median home sold price in 14172 was $191,500 in October 2024, down 20.2% from last month, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $217.4K-
N/A
2 $179.9K$490K
+172.4%
3 $472K$159K
-66.3%
4 $340K-
N/A
5+ -$203K
N/A

Summary: 14172 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 172.4%, 3 bedroom homes decreased by 66.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 14172, NY

How many homes are available in 14172, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2014-30.0%

Summary: The 14172 real estate market had 14 homes for sale in October 2024, a 30.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 20
-100.0%
2 64
-33.3%
3 55
0.0%
4 64
-33.3%
5+ 11
0.0%

Summary: The 14172 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14172, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 14172 in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 14172, NY

How long does it take to sell a home in 14172, NY?

Average Sale Time

Sep 2024Oct 2024CHANGE
42 Days44 Days+4.8%

Summary: Homes in 14172 had an average of 44 days on market in Oct 2024, up by 4.8% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 14172 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 14172; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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

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