Is 14206, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14206 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 14206 has remained a Seller's Market.

Key Takeaway

14206 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 14206, NY

How much do homes in 14206, NY cost?

Median Sold Price

$164,000

$102/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,666(+9.1%)

Key Takeaway

Homes in 14206 have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in 14206 was $164,000 in October 2024, up 9.1% from last year, and the median price per square foot was $102.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $150K$146K
-2.7%
3 $160K$175K
+9.4%
4 $126K$145K
+15.1%
5+ $147K$155K
+5.4%

Summary: 14206 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 2.7%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 5.4%.

Median Sold Price Compared To Nearby Zip Codes

14206
+9.1%
14227
+7.1%
14210
-2.8%
14212
-3.0%
14204
-13.7%

Housing Supply in 14206, NY

How many homes are available in 14206, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
10694-11.3%

Summary: The 14206 real estate market had 94 homes for sale in October 2024, a 11.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 98
-11.1%
3 3436
+5.9%
4 3225
-21.9%
5+ 3024
-20.0%

Summary: The 14206 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 11.1%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2118-14.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14206, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in 14206 in October 2024, down by 14.3% month-over-month. Of the 18 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for 14206, NY

How long does it take to sell a home in 14206, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days18 Days+33.8%

Summary: Homes in 14206 had an average of 18 days on market in Oct 2024, up by 33.8% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 14206 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 18 homes were sold in 14206; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% 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 14206, NY

Nearby Markets to 14206, NY