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 October 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

$250,000

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,000(+6.4%)

Key Takeaway

Homes in 14223 have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in 14223 was $250,000 in October 2024, up 6.4% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $196K$213.5K
+8.9%
3 $235K$248K
+5.5%
4 $244.7K$290K
+18.5%
5+ $254.9K$280K
+9.8%

Summary: 14223 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 8.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 9.8%.

Median Sold Price Compared To Nearby Zip Codes

14217
+7.7%
14226
+7.0%
14223
+6.4%
14150
+4.5%
14214
-0.2%

Housing Supply in 14223, NY

How many homes are available in 14223, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9585-10.5%

Summary: The 14223 real estate market had 85 homes for sale in October 2024, a 10.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 911
+22.2%
3 6548
-26.2%
4 1822
+22.2%
5+ 34
+33.3%

Summary: The 14223 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 increased by 22.2%, 3 bedroom homes decreased by 26.2%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2729+7.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

24 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. 82.8% of homes here sold above asking price last month.

Summary: A total of 29 homes were sold or pending in 14223 in October 2024, up by 7.4% month-over-month. Of the 29 sold homes, 10% were sold under asking, 7% were sold at asking, and 83% 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

Oct 2023Oct 2024CHANGE
13 Days13 Days+1.5%

Summary: Homes in 14223 had an average of 13 days on market in Oct 2024, up by 1.5% compared to last year.

Breakdown of Home Sale Times

26 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 14223 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 29 homes were sold in 14223; 90% of homes were sold within 30 days, 10% 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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