Is 14218, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14218 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 14218 has remained a Seller's Market.

Key Takeaway

14218 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 14218, NY

How much do homes in 14218, NY cost?

Median Sold Price

$191,250

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,350(+6.3%)

Key Takeaway

Homes in 14218 have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in 14218 was $191,250 in October 2024, up 6.3% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $100K$157.5K
+57.5%
3 $170K$195.7K
+15.1%
4 $205.5K$212.1K
+3.2%
5+ $215.5K$191K
-11.4%

Summary: 14218 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 57.5%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 11.4%.

Median Sold Price Compared To Nearby Zip Codes

14219
+10.5%
14224
+9.9%
14220
+7.5%
14218
+6.3%

Housing Supply in 14218, NY

How many homes are available in 14218, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7555-26.7%

Summary: The 14218 real estate market had 55 homes for sale in October 2024, a 26.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 86
-25.0%
3 3323
-30.3%
4 1810
-44.4%
5+ 1616
0.0%

Summary: The 14218 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 30.3%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1410-28.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14218, you could pay more than the asking price. 70% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in 14218 in October 2024, down by 28.6% month-over-month. Of the 10 sold homes, 30% were sold under asking, 0% were sold at asking, and 70% were sold over asking.

Days on Market for 14218, NY

How long does it take to sell a home in 14218, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days21 Days+60.3%

Summary: Homes in 14218 had an average of 21 days on market in Oct 2024, up by 60.3% compared to last year.

Breakdown of Home Sale Times

7 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 14218 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in 14218; 70% of homes were sold within 30 days, 30% 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 5 Days Ago

Newest Listings in 14218, NY

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