Is 14485, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14485 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 14485 has remained a Seller's Market.

Key Takeaway

14485 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 14485, NY

How much do homes in 14485, NY cost?

Median Sold Price

$245,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$17,500(+7.7%)

Key Takeaway

Homes in 14485 have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in 14485 was $245,000 in December 2024, up 7.7% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $142.5K$252.5K
+77.2%
3 $214K$224.5K
+4.9%
4 $300K$245K
-18.3%
5+ $377K$340K
-9.8%

Summary: 14485 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 77.2%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 18.3%, and 5+ bedroom homes decreased by 9.8%.

Median Sold Price Compared To Nearby Zip Codes

14487
+18.2%
14469
+11.8%
14485
+7.7%
14472
+5.6%

Housing Supply in 14485, NY

How many homes are available in 14485, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
54-20.0%

Summary: The 14485 real estate market had 4 homes for sale in December 2024, a 20.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 21
-50.0%
4 11
0.0%
5+ 01
+100.0%

Summary: The 14485 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 50%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14485, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 14485 in December 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 14485, NY

How long does it take to sell a home in 14485, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
6 Days2 Days-66.7%

Summary: Homes in 14485 had an average of 2 days on market in Dec 2024, down by 66.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 14485 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in 14485; 100% of homes were sold within 30 days, 0% 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 14485, NY

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