$165,000
3.28 Acres
Land
RonaldGunner Tronolone, Listing Office: HUNT Commercial Real Estate Corp. of Buffalo New York
Is Lockport, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lockport has remained a Seller's Market.
Key Takeaway
Lockport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lockport, NY
How much do homes in Lockport, NY cost?
Median Sold Price
$215,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+2.4%)
Key Takeaway
Homes in Lockport have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Lockport was $215,000 in November 2024, up 2.4% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87K | $105K | +20.7% |
| 2 Bedrooms | $180K | $178.6K | -0.8% |
| 3 Bedrooms | $203.3K | $235K | +15.6% |
| 4 Bedrooms | $253K | $253.6K | 0.3% |
| 5+ Bedrooms | $230K | $196K | -14.8% |
Summary: Lockport housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.7%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 14.8%.
Housing Supply in Lockport, NY
How many homes are available in Lockport, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 190 | 138 | -27.4% |
Summary: The Lockport real estate market had 138 homes for sale in November 2024, a 27.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 27 | 19 | -29.6% |
| 3 Bedrooms | 89 | 65 | -27.0% |
| 4 Bedrooms | 56 | 37 | -33.9% |
| 5+ Bedrooms | 18 | 17 | -5.6% |
Summary: The Lockport 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 29.6%, 3 bedroom homes decreased by 27%, 4 bedroom homes decreased by 33.9%, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 25 | -51.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lockport, you could pay more than the asking price. 56% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in Lockport in November 2024, down by 51.0% month-over-month. Of the 25 sold homes, 40% were sold under asking, 4% were sold at asking, and 56% were sold over asking.
Days on Market for Lockport, NY
How long does it take to sell a home in Lockport, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 33 Days | +121.6% |
Summary: Homes in Lockport had an average of 33 days on market in Nov 2024, up by 121.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lockport are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 25 homes were sold in Lockport; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
