Is 14214, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14214 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 14214 has remained a Seller's Market.

Key Takeaway

14214 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 14214, NY

How much do homes in 14214, NY cost?

Median Sold Price

$300,500

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$500(-0.2%)

Key Takeaway

The sold price of homes in 14214 has remained the same since last year.

Summary: The median home sold price in 14214 was $300,500 in October 2024, down 0.2% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$149K
N/A
2 $160K$232.2K
+45.1%
3 $288K$292.5K
+1.6%
4 $302K$347K
+14.9%
5+ $337.5K$340K
+0.7%

Summary: 14214 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 45.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 0.7%.

Median Sold Price Compared To Nearby Zip Codes

14215
+11.9%
14223
+6.4%
14216
+6.1%
14214
-0.2%

Housing Supply in 14214, NY

How many homes are available in 14214, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4336-16.3%

Summary: The 14214 real estate market had 36 homes for sale in October 2024, a 16.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 53
-40.0%
3 97
-22.2%
4 1517
+13.3%
5+ 138
-38.5%

Summary: The 14214 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 40%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 38.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14214, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 14214 in October 2024, up by 10.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% were sold over asking.

Days on Market for 14214, NY

How long does it take to sell a home in 14214, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days28 Days-19.6%

Summary: Homes in 14214 had an average of 28 days on market in Oct 2024, down by 19.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 14214 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in 14214; 64% of homes were sold within 30 days, 36% 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 14214, NY

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