Is 14223, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14223 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 14223 has remained a Seller's Market.

Key Takeaway

14223 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 14223, NY

How much do homes in 14223, NY cost?

Median Sold Price

$252,250

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$17,250(+7.3%)

Key Takeaway

Homes in 14223 have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in 14223 was $252,250 in December 2024, up 7.3% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $195.9K$223.2K
+13.9%
3 $231.4K$249K
+7.6%
4 $267.5K$290K
+8.4%
5+ $254.9K$295K
+15.7%

Summary: 14223 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 15.7%.

Median Sold Price Compared To Nearby Zip Codes

14223
+7.3%
14217
+7.1%
14150
+3.9%
14226
+3.6%
14214
-0.9%

Housing Supply in 14223, NY

How many homes are available in 14223, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
8161-24.7%

Summary: The 14223 real estate market had 61 homes for sale in December 2024, a 24.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 119
-18.2%
3 4231
-26.2%
4 2216
-27.3%
5+ 65
-16.7%

Summary: The 14223 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 decreased by 18.2%, 3 bedroom homes decreased by 26.2%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2420-16.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14223, you could pay more than the asking price. 65% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in 14223 in December 2024, down by 16.7% month-over-month. Of the 20 sold homes, 25% were sold under asking, 10% were sold at asking, and 65% were sold over asking.

Days on Market for 14223, NY

How long does it take to sell a home in 14223, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
14 Days12 Days-17.8%

Summary: Homes in 14223 had an average of 12 days on market in Dec 2024, down by 17.8% compared to last year.

Breakdown of Home Sale Times

19 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 14223 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 20 homes were sold in 14223; 95% of homes were sold within 30 days, 5% 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 14223, NY

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