$3,858 Closing Credit*
$324,900
1,824 SqFt
3 Beds
•1 Full Bath
Nathan Marini, Listing Office: Keller Williams Realty Lancaster
Is 14224, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 14224 has remained a Seller's Market.
Key Takeaway
14224 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14224, NY
How much do homes in 14224, NY cost?
Median Sold Price
$275,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,750(+9.9%)
Key Takeaway
Homes in 14224 have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in 14224 was $275,000 in October 2024, up 9.9% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $95K | N/A |
| 2 Bedrooms | $176K | $190K | +8.0% |
| 3 Bedrooms | $254K | $285K | +12.2% |
| 4 Bedrooms | $291.4K | $302.5K | +3.8% |
| 5+ Bedrooms | $295K | $385K | +30.5% |
Summary: 14224 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%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 30.5%.
Housing Supply in 14224, NY
How many homes are available in 14224, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 137 | 122 | -10.9% |
Summary: The 14224 real estate market had 122 homes for sale in October 2024, a 10.9% 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 | 28 | 24 | -14.3% |
| 3 Bedrooms | 62 | 59 | -4.8% |
| 4 Bedrooms | 36 | 32 | -11.1% |
| 5+ Bedrooms | 11 | 7 | -36.4% |
Summary: The 14224 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 14.3%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 36.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 29 | -14.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14224, you could pay more than the asking price. 79.3% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in 14224 in October 2024, down by 14.7% month-over-month. Of the 29 sold homes, 21% were sold under asking, 0% were sold at asking, and 79% were sold over asking.
Days on Market for 14224, NY
How long does it take to sell a home in 14224, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 10 Days | -33.9% |
Summary: Homes in 14224 had an average of 10 days on market in Oct 2024, down by 33.9% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 14224 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in 14224; 97% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
