Is 14607, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14607 is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 14607 was a Seller's Market.

Key Takeaway

14607 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 14607, NY

How much do homes in 14607, NY cost?

Median Sold Price

$369,000

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$12,000(+3.4%)

Key Takeaway

Homes in 14607 have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in 14607 was $369,000 in December 2024, up 3.4% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $154K$170K
+10.4%
2 $284K$327.2K
+15.2%
3 $281K$325K
+15.7%
4 $375.8K$350K
-6.9%
5+ $415K$410K
-1.2%

Summary: 14607 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 15.7%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes decreased by 1.2%.

Median Sold Price Compared To Nearby Zip Codes

14620
+6.9%
14605
+6.2%
14607
+3.4%

Housing Supply in 14607, NY

How many homes are available in 14607, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4325-41.9%

Summary: The 14607 real estate market had 25 homes for sale in December 2024, a 41.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 42
-50.0%
2 33
0.0%
3 105
-50.0%
4 128
-33.3%
5+ 147
-50.0%

Summary: The 14607 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
134-69.2%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14607, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 14607 in December 2024, down by 69.2% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 14607, NY

How long does it take to sell a home in 14607, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
18 Days26 Days+45.0%

Summary: Homes in 14607 had an average of 26 days on market in Dec 2024, up by 45% compared to last year.

Breakdown of Home Sale Times

2 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 14607 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 4 homes were sold in 14607; 50% of homes were sold within 30 days, 50% 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 2 Days Ago

Newest Listings in 14607, NY

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