Is 14505, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14505 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 14505 has remained a Seller's Market.

Key Takeaway

14505 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 14505, NY

How much do homes in 14505, NY cost?

Median Sold Price

$286,500

$135/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$61,500(+27.3%)

Key Takeaway

Homes in 14505 have sold for 27.3% more than they did a month ago.

Summary: The median home sold price in 14505 was $286,500 in December 2024, up 27.3% from last month, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $230K$223.5K
-2.8%
4 $220K$323K
+46.8%
5+ --
N/A

Summary: 14505 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 46.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

14505
+27.3%
14568
+21.7%

Housing Supply in 14505, NY

How many homes are available in 14505, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
138-38.5%

Summary: The 14505 real estate market had 8 homes for sale in December 2024, a 38.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 63
-50.0%
4 64
-33.3%
5+ 00
0.0%

Summary: The 14505 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14505, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in 14505 in December 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.

Days on Market for 14505, NY

How long does it take to sell a home in 14505, NY?

Average Sale Time

Nov 2024Dec 2024CHANGE
10 Days9 Days-5.7%

Summary: Homes in 14505 had an average of 9 days on market in Dec 2024, down by 5.7% compared to last month.

Breakdown of Home Sale Times

6 Homes Were 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 14505 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 6 homes were sold in 14505; 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 8 Days Ago

Newest Listings in 14505, NY

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