Is 14741, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14741 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 14741 was a Seller's Market.

Key Takeaway

14741 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 14741, NY

How much do homes in 14741, NY cost?

Median Sold Price

$218,500

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$69,000(-24.0%)

Key Takeaway

Homes in 14741 have sold for 24% less than they did a year ago.

Summary: The median home sold price in 14741 was $218,500 in October 2024, down 24% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$186.5K
N/A
2 $215K$230K
+7.0%
3 $307.5K$250K
-18.7%
4 $365K$289.5K
-20.7%
5+ -$250K
N/A

Summary: 14741 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7%, 3 bedroom homes decreased by 18.7%, 4 bedroom homes decreased by 20.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

14706
+59.3%
14731
-0.6%
14741
-24.0%

Housing Supply in 14741, NY

How many homes are available in 14741, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1517+13.3%

Summary: The 14741 real estate market had 17 homes for sale in October 2024, a 13.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 23
+50.0%
3 56
+20.0%
4 66
0.0%
5+ 11
0.0%

Summary: The 14741 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 50%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14741, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 14741 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 14741, NY

How long does it take to sell a home in 14741, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
79 Days48 Days-39.7%

Summary: Homes in 14741 had an average of 48 days on market in Oct 2024, down by 39.7% compared to last year.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in 14741 has remained consistent over time.

Summary: During October 2024, 2 homes were sold in 14741; 0% of homes were sold within 30 days, 100% 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 14741, NY

Nearby Markets to 14741, NY