Is 14514, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14514 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 14514 has remained a Seller's Market.

Key Takeaway

14514 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 14514, NY

How much do homes in 14514, NY cost?

Median Sold Price

$310,000

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$20,000(+6.9%)

Key Takeaway

Homes in 14514 have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in 14514 was $310,000 in December 2024, up 6.9% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $234.9K$273.7K
+16.5%
3 $290K$335K
+15.5%
4 $334.9K$353K
+5.4%
5+ $410K$400K
-2.4%

Summary: 14514 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 16.5%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 2.4%.

Median Sold Price Compared To Nearby Zip Codes

14514
+6.9%
14624
+6.7%
14428
-1.2%

Housing Supply in 14514, NY

How many homes are available in 14514, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
149-35.7%

Summary: The 14514 real estate market had 9 homes for sale in December 2024, a 35.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 64
-33.3%
4 21
-50.0%
5+ 10
-100.0%

Summary: The 14514 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 20%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
440.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14514, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 14514 in December 2024, the same as the previous month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 14514, NY

How long does it take to sell a home in 14514, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
10 Days6 Days-36.6%

Summary: Homes in 14514 had an average of 6 days on market in Dec 2024, down by 36.6% compared to last year.

Breakdown of Home Sale Times

4 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 14514 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 4 homes were sold in 14514; 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 14514, NY

Nearby Markets to 14514, NY