Is 14220, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14220 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 14220 was a Neutral Market.

Key Takeaway

14220 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 14220, NY

How much do homes in 14220, NY cost?

Median Sold Price

$215,000

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,000(+7.5%)

Key Takeaway

Homes in 14220 have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in 14220 was $215,000 in October 2024, up 7.5% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $152.5K$157.2K
+3.1%
3 $196.5K$224.7K
+14.4%
4 $210K$196.5K
-6.4%
5+ $215K$230K
+7.0%

Summary: 14220 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 3.1%, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 7%.

Median Sold Price Compared To Nearby Zip Codes

14224
+9.9%
14220
+7.5%
14218
+6.3%
14210
-2.8%

Housing Supply in 14220, NY

How many homes are available in 14220, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8783-4.6%

Summary: The 14220 real estate market had 83 homes for sale in October 2024, a 4.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 3535
0.0%
4 2723
-14.8%
5+ 2122
+4.8%

Summary: The 14220 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 remained the same, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes increased by 4.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2415-37.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14220, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in 14220 in October 2024, down by 37.5% month-over-month. Of the 15 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for 14220, NY

How long does it take to sell a home in 14220, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
11 Days18 Days+59.2%

Summary: Homes in 14220 had an average of 18 days on market in Oct 2024, up by 59.2% compared to last year.

Breakdown of Home Sale Times

12 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 14220 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in 14220; 80% of homes were sold within 30 days, 20% 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 14220, NY

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