Is 14612, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14612 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 14612 has remained a Seller's Market.

Key Takeaway

14612 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 14612, NY

How much do homes in 14612, NY cost?

Median Sold Price

$255,333

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,333(+8.7%)

Key Takeaway

Homes in 14612 have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in 14612 was $255,333 in October 2024, up 8.7% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $95K$173.6K
+82.8%
2 $190K$213K
+12.1%
3 $231K$240K
+3.9%
4 $265K$286K
+7.9%
5+ $300K$367.4K
+22.5%

Summary: 14612 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 82.8%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 22.5%.

Median Sold Price Compared To Nearby Zip Codes

14616
+11.3%
14621
+10.5%
14612
+8.7%
14617
+8.7%
14626
+7.2%

Housing Supply in 14612, NY

How many homes are available in 14612, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9585-10.5%

Summary: The 14612 real estate market had 85 homes for sale in October 2024, a 10.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1113
+18.2%
3 5851
-12.1%
4 1916
-15.8%
5+ 75
-28.6%

Summary: The 14612 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 increased by 18.2%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3027-10.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14612, you could pay more than the asking price. 81.5% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in 14612 in October 2024, down by 10.0% month-over-month. Of the 27 sold homes, 19% were sold under asking, 0% were sold at asking, and 81% were sold over asking.

Days on Market for 14612, NY

How long does it take to sell a home in 14612, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
9 Days11 Days+24.4%

Summary: Homes in 14612 had an average of 11 days on market in Oct 2024, up by 24.4% compared to last year.

Breakdown of Home Sale Times

25 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 14612 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 27 homes were sold in 14612; 93% of homes were sold within 30 days, 7% 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 20 Days Ago

Newest Listings in 14612, NY

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