$2,374 Closing Credit*
$199,900
1,013 SqFt
3 Beds
•1 Full Bath, 1 Partial
Adam Stephany, Listing Office: WNY Metro Roberts Realty
Is 14220, 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, 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $152.5K | $157.2K | +3.1% |
| 3 Bedrooms | $196.5K | $224.7K | +14.4% |
| 4 Bedrooms | $210K | $196.5K | -6.4% |
| 5+ Bedrooms | $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%.
Housing Supply in 14220, NY
How many homes are available in 14220, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 87 | 83 | -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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 35 | 35 | 0.0% |
| 4 Bedrooms | 27 | 23 | -14.8% |
| 5+ Bedrooms | 21 | 22 | +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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 15 | -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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 18 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
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.
