$3,266 Closing Credit*
$275,000
2,750 SqFt
6 Beds
•2 Full Baths
Marie A Stoklosa, Listing Office: Howard Hanna WNY Inc.
Is 14216, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 14216 was a Seller's Market.
Key Takeaway
14216 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 14216, NY
How much do homes in 14216, NY cost?
Median Sold Price
$329,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,000(+6.1%)
Key Takeaway
Homes in 14216 have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in 14216 was $329,000 in October 2024, up 6.1% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $185.9K | $272.5K | +46.6% |
| 3 Bedrooms | $279.9K | $287.5K | +2.7% |
| 4 Bedrooms | $340K | $303.3K | -10.8% |
| 5+ Bedrooms | $378.7K | $375K | -1.0% |
Summary: 14216 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 46.6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 1%.
Housing Supply in 14216, NY
How many homes are available in 14216, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 | 48 | -28.4% |
Summary: The 14216 real estate market had 48 homes for sale in October 2024, a 28.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 21 | 11 | -47.6% |
| 4 Bedrooms | 19 | 15 | -21.1% |
| 5+ Bedrooms | 23 | 19 | -17.4% |
Summary: The 14216 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 25%, 3 bedroom homes decreased by 47.6%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes decreased by 17.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 6 | -73.9% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14216, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 14216 in October 2024, down by 73.9% month-over-month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.
Days on Market for 14216, NY
How long does it take to sell a home in 14216, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 11 Days | +9.1% |
Summary: Homes in 14216 had an average of 11 days on market in Oct 2024, up by 9.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 14216 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 14216; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
