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 November 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

$261,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,000(+4.4%)

Key Takeaway

Homes in 14620 have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in 14620 was $261,000 in November 2024, up 4.4% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $100K$156.5K
+56.5%
2 $197K$200K
+1.5%
3 $255K$260K
+2.0%
4 $261.5K$285K
+9.0%
5+ $342.5K$307.5K
-10.2%

Summary: 14620 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.5%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 10.2%.

Median Sold Price Compared To Nearby Zip Codes

14607
+8.2%
14620
+4.4%
14608
-20.9%

Housing Supply in 14620, NY

How many homes are available in 14620, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4931-36.7%

Summary: The 14620 real estate market had 31 homes for sale in November 2024, a 36.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 74
-42.9%
3 1611
-31.3%
4 138
-38.5%
5+ 138
-38.5%

Summary: The 14620 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 decreased by 42.9%, 3 bedroom homes decreased by 31.3%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes decreased by 38.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1614-12.5%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

12 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. 85.7% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in 14620 in November 2024, down by 12.5% month-over-month. Of the 14 sold homes, 0% were sold under asking, 14% were sold at asking, and 86% 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

Nov 2023Nov 2024CHANGE
7 Days9 Days+32.7%

Summary: Homes in 14620 had an average of 9 days on market in Nov 2024, up by 32.7% compared to last year.

Breakdown of Home Sale Times

13 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 14620 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 14 homes were sold in 14620; 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 3 Days Ago

Newest Listings in 14620, NY

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