Is 14221, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14221 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 14221 has remained a Seller's Market.

Key Takeaway

14221 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 14221, NY

How much do homes in 14221, NY cost?

Median Sold Price

$374,650

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,121(+5.7%)

Key Takeaway

Homes in 14221 have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in 14221 was $374,650 in November 2024, up 5.7% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $121.7K-
N/A
2 $249K$250K
0.4%
3 $330K$350K
+6.1%
4 $430K$443.5K
+3.1%
5+ $450K$477.5K
+6.1%

Summary: 14221 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 6.1%.

Median Sold Price Compared To Nearby Zip Codes

14228
+10.0%
14225
+8.0%
14221
+5.7%
14226
+3.6%
14068
-23.2%

Housing Supply in 14221, NY

How many homes are available in 14221, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
198148-25.3%

Summary: The 14221 real estate market had 148 homes for sale in November 2024, a 25.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 4834
-29.2%
3 7247
-34.7%
4 6857
-16.2%
5+ 109
-10.0%

Summary: The 14221 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 29.2%, 3 bedroom homes decreased by 34.7%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6231-50.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14221, you could pay more than the asking price. 58.1% of homes here sold above asking price last month.

Summary: A total of 31 homes were sold or pending in 14221 in November 2024, down by 50.0% month-over-month. Of the 31 sold homes, 42% were sold under asking, 0% were sold at asking, and 58% were sold over asking.

Days on Market for 14221, NY

How long does it take to sell a home in 14221, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
17 Days17 Days-1.5%

Summary: Homes in 14221 had an average of 17 days on market in Nov 2024, down by 1.5% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 14221 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 31 homes were sold in 14221; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% 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 21 Days Ago

Newest Listings in 14221, NY

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