Is 14222, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14222 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 14222 was a Seller's Market.

Key Takeaway

14222 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 14222, NY

How much do homes in 14222, NY cost?

Median Sold Price

$465,000

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$30,000(-6.1%)

Key Takeaway

Homes in 14222 have sold for 6.1% less than they did a year ago.

Summary: The median home sold price in 14222 was $465,000 in December 2024, down 6.1% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $210K$185K
-11.9%
2 $333.7K$359K
+7.6%
3 $614.5K$556.7K
-9.4%
4 $520K$476.2K
-8.4%
5+ $502.5K$530K
+5.5%

Summary: 14222 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.9%, 2 bedroom homes increased by 7.6%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes increased by 5.5%.

Median Sold Price Compared To Nearby Zip Codes

14216
+14.1%
14213
+13.9%
14209
+4.7%
14222
-6.1%

Housing Supply in 14222, NY

How many homes are available in 14222, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4737-21.3%

Summary: The 14222 real estate market had 37 homes for sale in December 2024, a 21.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 55
0.0%
2 88
0.0%
3 74
-42.9%
4 107
-30.0%
5+ 1713
-23.5%

Summary: The 14222 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes decreased by 23.5%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
95-44.4%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14222, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in 14222 in December 2024, down by 44.4% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.

Days on Market for 14222, NY

How long does it take to sell a home in 14222, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
32 Days22 Days-29.6%

Summary: Homes in 14222 had an average of 22 days on market in Dec 2024, down by 29.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 14222 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 5 homes were sold in 14222; 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 14222, NY

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