$79,000
25.05 Acres
Land
Ira Bristol, Listing Office: Howard Hanna
Is 14551, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 14551 has remained a Seller's Market.
Key Takeaway
14551 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 14551, NY
How much do homes in 14551, NY cost?
Median Sold Price
$188,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,000(+4.4%)
Key Takeaway
Homes in 14551 have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in 14551 was $188,000 in October 2024, up 4.4% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.5K | $40K | -78.1% |
| 2 Bedrooms | $182.5K | $197.5K | +8.2% |
| 3 Bedrooms | $180K | $190K | +5.6% |
| 4 Bedrooms | $153.5K | $165K | +7.5% |
| 5+ Bedrooms | $168.7K | $358.7K | +112.6% |
Summary: 14551 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 78.1%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 112.6%.
Median Sold Price Compared To Nearby Zip Codes
| 14516 | $112.5K | $196K | +74.2% |
| 14589 | $192K | $235K | +22.4% |
| 14505 | $218K | $250K | +14.7% |
| 14551 | $180K | $188K | +4.4% |
Housing Supply in 14551, NY
How many homes are available in 14551, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The 14551 real estate market had 11 homes for sale in October 2024, a 8.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The 14551 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 100%, 3 bedroom homes increased by 75%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 14551, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 14551 in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for 14551, NY
How long does it take to sell a home in 14551, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 15 Days | +68.5% |
Summary: Homes in 14551 had an average of 15 days on market in Oct 2024, up by 68.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 14551 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 14551; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
