Is 14227, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14227 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 14227 has remained a Seller's Market.

Key Takeaway

14227 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 14227, NY

How much do homes in 14227, NY cost?

Median Sold Price

$248,500

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,500(+7.1%)

Key Takeaway

Homes in 14227 have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in 14227 was $248,500 in October 2024, up 7.1% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $170K$181.2K
+6.6%
2 $217.5K$215K
-1.1%
3 $228K$240K
+5.3%
4 $290K$272.5K
-6.0%
5+ $253.4K$307.5K
+21.3%

Summary: 14227 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 21.3%.

Median Sold Price Compared To Nearby Zip Codes

14224
+9.9%
14206
+9.1%
14225
+9.1%
14227
+7.1%
14043
+5.2%

Housing Supply in 14227, NY

How many homes are available in 14227, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7861-21.8%

Summary: The 14227 real estate market had 61 homes for sale in October 2024, a 21.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 82
-75.0%
3 5341
-22.6%
4 1213
+8.3%
5+ 55
0.0%

Summary: The 14227 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 75%, 3 bedroom homes decreased by 22.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1920+5.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14227, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in 14227 in October 2024, up by 5.3% month-over-month. Of the 20 sold homes, 20% were sold under asking, 5% were sold at asking, and 75% were sold over asking.

Days on Market for 14227, NY

How long does it take to sell a home in 14227, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
10 Days18 Days+67.9%

Summary: Homes in 14227 had an average of 18 days on market in Oct 2024, up by 67.9% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 14227 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 20 homes were sold in 14227; 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 14227, NY

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