Is 14586, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14586 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 14586 has remained a Seller's Market.

Key Takeaway

14586 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 14586, NY

How much do homes in 14586, NY cost?

Median Sold Price

$336,500

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$33,500(+11.1%)

Key Takeaway

Homes in 14586 have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in 14586 was $336,500 in October 2024, up 11.1% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $245K$208.2K
-15.0%
3 $290K$321K
+10.7%
4 $345K$391.5K
+13.5%
5+ $284K$440K
+54.9%

Summary: 14586 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 54.9%.

Median Sold Price Compared To Nearby Zip Codes

14546
+44.4%
14467
+14.9%
14586
+11.1%
14623
+6.8%

Housing Supply in 14586, NY

How many homes are available in 14586, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2922-24.1%

Summary: The 14586 real estate market had 22 homes for sale in October 2024, a 24.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 41
-75.0%
3 1713
-23.5%
4 64
-33.3%
5+ 24
+100.0%

Summary: The 14586 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 75%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
136-53.8%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14586, 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 14586 in October 2024, down by 53.8% month-over-month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.

Days on Market for 14586, NY

How long does it take to sell a home in 14586, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
11 Days12 Days+13.4%

Summary: Homes in 14586 had an average of 12 days on market in Oct 2024, up by 13.4% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 14586 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in 14586; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in 14586, NY

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