Is 14620, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14620 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 14620 has remained a Seller's Market.

Key Takeaway

14620 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 14620, NY

How much do homes in 14620, NY cost?

Median Sold Price

$267,250

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$17,250(+6.9%)

Key Takeaway

Homes in 14620 have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in 14620 was $267,250 in December 2024, up 6.9% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $140K$156.5K
+11.8%
2 $197K$205K
+4.1%
3 $255K$260K
+2.0%
4 $260K$292.7K
+12.6%
5+ $325K$305K
-6.2%

Summary: 14620 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes decreased by 6.2%.

Median Sold Price Compared To Nearby Zip Codes

14620
+6.9%
14607
+3.4%

Housing Supply in 14620, NY

How many homes are available in 14620, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3723-37.8%

Summary: The 14620 real estate market had 23 homes for sale in December 2024, a 37.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 41
-75.0%
3 128
-33.3%
4 105
-50.0%
5+ 119
-18.2%

Summary: The 14620 housing inventory by bedroom type for December 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 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1514-6.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14620, you could pay more than the asking price. 78.6% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in 14620 in December 2024, down by 6.7% month-over-month. Of the 14 sold homes, 14% were sold under asking, 7% were sold at asking, and 79% were sold over asking.

Days on Market for 14620, NY

How long does it take to sell a home in 14620, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
7 Days16 Days+119.4%

Summary: Homes in 14620 had an average of 16 days on market in Dec 2024, up by 119.4% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 14620 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 14 homes were sold in 14620; 86% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% 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 11 Days Ago

Newest Listings in 14620, NY

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