Is 14837, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 14837 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 14837 has remained a Seller's Market.

Key Takeaway

14837 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 14837, NY

How much do homes in 14837, NY cost?

Median Sold Price

$355,000

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$70,000(+24.6%)

Key Takeaway

Homes in 14837 have sold for 24.6% more than they did a year ago.

Summary: The median home sold price in 14837 was $355,000 in October 2024, up 24.6% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $350K-
N/A
2 $355K$430K
+21.1%
3 $265K$551.4K
+108.1%
4 $257.5K$175K
-32.0%
5+ $167.5K$137K
-18.2%

Summary: 14837 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 21.1%, 3 bedroom homes increased by 108.1%, 4 bedroom homes decreased by 32%, and 5+ bedroom homes decreased by 18.2%.

Housing Supply in 14837, NY

How many homes are available in 14837, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2421-12.5%

Summary: The 14837 real estate market had 21 homes for sale in October 2024, a 12.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 75
-28.6%
3 108
-20.0%
4 34
+33.3%
5+ 44
0.0%

Summary: The 14837 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 decreased by 28.6%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 14837, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in 14837 in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.

Days on Market for 14837, NY

How long does it take to sell a home in 14837, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days24 Days+98.4%

Summary: Homes in 14837 had an average of 24 days on market in Oct 2024, up by 98.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 14837 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 14837; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 17 Days Ago

Newest Listings in 14837, NY

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