$2,601 Closing Credit*
$219,000
2,448 SqFt
6 Beds
•2 Full Baths
Emily Cornwell, Listing Office: Howard Hanna WNY Inc
Is Medical Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Medical Park was a Seller's Market.
Key Takeaway
Medical Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Medical Park, NY
How much do homes in Medical Park, NY cost?
Median Sold Price
$149,000
$58/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$34,000(+29.6%)
Key Takeaway
Homes in Medical Park have sold for 29.6% more than they did a month ago.
Summary: The median home sold price in Medical Park was $149,000 in October 2024, up 29.6% from last month, and the median price per square foot was $58.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $115K | - | N/A |
| 3 Bedrooms | $149K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $149K | N/A |
Summary: Medical Park housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Medical Park | $115K | $149K | +29.6% |
| Masten Park | $187.5K | $240K | +28.0% |
| Willert Park | $205.8K | $180K | -12.6% |
| Johnson | $144K | $15K | -89.6% |
Housing Supply in Medical Park, NY
How many homes are available in Medical Park, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Summary: The Medical Park real estate market had 12 homes for sale in October 2024, a 20.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Medical Park 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Medical Park, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Medical Park in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Medical Park, NY
How long does it take to sell a home in Medical Park, NY?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 Days | 19 Days | +235.3% |
Summary: Homes in Medical Park had an average of 19 days on market in Oct 2024, up by 235.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Medical Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Medical Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
