Is 14424, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14424 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 14424 has remained a Seller's Market.

Key Takeaway

14424 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 14424, NY

How much do homes in 14424, NY cost?

Median Sold Price

$355,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$25,000(+7.6%)

Key Takeaway

Homes in 14424 have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in 14424 was $355,000 in December 2024, up 7.6% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $281.2K$170K
-39.6%
2 $302.5K$322.5K
+6.6%
3 $338K$355K
+5.0%
4 $348K$387.5K
+11.4%
5+ $465K$463K
-0.4%

Summary: 14424 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.6%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 0.4%.

Median Sold Price Compared To Nearby Zip Codes

14469
+11.8%
14424
+7.6%

Housing Supply in 14424, NY

How many homes are available in 14424, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
10992-15.6%

Summary: The 14424 real estate market had 92 homes for sale in December 2024, a 15.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 33
0.0%
2 3329
-12.1%
3 5139
-23.5%
4 1616
0.0%
5+ 65
-16.7%

Summary: The 14424 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 12.1%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2226+18.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14424, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in 14424 in December 2024, up by 18.2% month-over-month. Of the 26 sold homes, 35% were sold under asking, 12% were sold at asking, and 54% were sold over asking.

Days on Market for 14424, NY

How long does it take to sell a home in 14424, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
13 Days27 Days+102.8%

Summary: Homes in 14424 had an average of 27 days on market in Dec 2024, up by 102.8% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 14424 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 26 homes were sold in 14424; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 4% 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 2 Days Ago

Newest Listings in 14424, NY

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