Is 14605, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14605 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 14605 was a Buyer's Market.

Key Takeaway

14605 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 14605, NY

How much do homes in 14605, NY cost?

Median Sold Price

$80,500

$52/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,500(+15.0%)

Key Takeaway

Homes in 14605 have sold for 15% more than they did a year ago.

Summary: The median home sold price in 14605 was $80,500 in November 2024, up 15% from last year, and the median price per square foot was $52.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $39.5K$55.2K
+39.9%
3 $55K$70K
+27.3%
4 $65K$82K
+26.2%
5+ $82K$130K
+58.5%

Summary: 14605 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.9%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes increased by 58.5%.

Median Sold Price Compared To Nearby Zip Codes

14613
+21.3%
14605
+15.0%
14607
+8.2%
14621
+6.8%

Housing Supply in 14605, NY

How many homes are available in 14605, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2324+4.3%

Summary: The 14605 real estate market had 24 homes for sale in November 2024, a 4.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 66
0.0%
4 53
-40.0%
5+ 912
+33.3%

Summary: The 14605 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14605, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in 14605 in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.

Days on Market for 14605, NY

How long does it take to sell a home in 14605, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
76 Days30 Days-60.4%

Summary: Homes in 14605 had an average of 30 days on market in Nov 2024, down by 60.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 14605 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in 14605; 60% of homes were sold within 30 days, 40% 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 21 Days Ago

Newest Listings in 14605, NY

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