Is 14207, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14207 is a neutral's market

Buyer's
Market

Difference Since October 2023

Since last year, 14207 has remained a Neutral Market.

Key Takeaway

14207 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 14207, NY

How much do homes in 14207, NY cost?

Median Sold Price

$165,000

$91/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+13.8%)

Key Takeaway

Homes in 14207 have sold for 13.8% more than they did a year ago.

Summary: The median home sold price in 14207 was $165,000 in October 2024, up 13.8% from last year, and the median price per square foot was $91.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $165K$52K
-68.5%
2 $106K$140.1K
+32.2%
3 $128K$155K
+21.1%
4 $165K$165K
0.0%
5+ $189.9K$180K
-5.3%

Summary: 14207 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 68.5%, 2 bedroom homes increased by 32.2%, 3 bedroom homes increased by 21.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 5.3%.

Median Sold Price Compared To Nearby Zip Codes

14207
+13.8%
14217
+7.7%
14216
+6.1%
14150
+4.5%

Housing Supply in 14207, NY

How many homes are available in 14207, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9985-14.1%

Summary: The 14207 real estate market had 85 homes for sale in October 2024, a 14.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 85
-37.5%
3 3127
-12.9%
4 2729
+7.4%
5+ 3324
-27.3%

Summary: The 14207 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 37.5%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 27.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2414-41.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14207, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in 14207 in October 2024, down by 41.7% month-over-month. Of the 14 sold homes, 36% were sold under asking, 7% were sold at asking, and 57% were sold over asking.

Days on Market for 14207, NY

How long does it take to sell a home in 14207, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days22 Days-12.4%

Summary: Homes in 14207 had an average of 22 days on market in Oct 2024, down by 12.4% compared to last year.

Breakdown of Home Sale Times

11 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 14207 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 14 homes were sold in 14207; 79% of homes were sold within 30 days, 21% 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 14207, NY

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