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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14207 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 14207 has remained a Seller's Market.

Key Takeaway

14207 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 14207, NY

How much do homes in 14207, NY cost?

Median Sold Price

$160,000

$91/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,000(+6.7%)

Key Takeaway

Homes in 14207 have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in 14207 was $160,000 in November 2024, up 6.7% from last year, and the median price per square foot was $91.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $165K$52K
-68.5%
2 $99.2K$148.2K
+49.4%
3 $144.5K$150K
+3.8%
4 $165K$165K
0.0%
5+ $187.4K$177.5K
-5.3%

Summary: 14207 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 68.5%, 2 bedroom homes increased by 49.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 5.3%.

Median Sold Price Compared To Nearby Zip Codes

14216
+8.2%
14207
+6.7%
14213
+6.3%
14217
+4.6%
14150
+4.2%

Housing Supply in 14207, NY

How many homes are available in 14207, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9173-19.8%

Summary: The 14207 real estate market had 73 homes for sale in November 2024, a 19.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 2921
-27.6%
4 3025
-16.7%
5+ 2724
-11.1%

Summary: The 14207 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 27.6%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
16160.0%

Asking Price vs. Sold Price

7 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. 50% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in 14207 in November 2024, the same as the previous month. Of the 16 sold homes, 44% were sold under asking, 6% were sold at asking, and 50% 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

Nov 2023Nov 2024CHANGE
14 Days31 Days+108.8%

Summary: Homes in 14207 had an average of 31 days on market in Nov 2024, up by 108.8% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 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 November 2024, 16 homes were sold in 14207; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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 2 Days Ago

Newest Listings in 14207, NY

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