Is Belfast, NY 14711 a buyer’s or seller’s market?
Belfast is a seller’s market. With about 1.3 months of supply and 40% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Belfast housing market right now
In the three months ending August 31, 2026, 40% of homes in Belfast, NY 14711 sold above their list price, the typical home went under contract in 23 days and there were 1.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (118 days then) and the median sale price rose 25% to $149,935. Overall, Belfast is more competitive than a year ago, so tougher for buyers.
Within Allegany County, homes here sell faster than in 58% of the county’s ZIP codes, and sell more often over asking than in 74%.
Nearby, buyers who want less competition could look at Scio 14880 (0% sold over asking) or Canaseraga 14822 (0% sold over asking), while Houghton 14744 (100% sold over asking) and Caneadea 14717 (75% sold over asking) are even more competitive.
Run the numbers for 14711
Nearby markets
Alfred 14802Balanced $101 /sq ftAlfred Station 14803 — /sq ftAlma 14708Seller’s market $317 /sq ftAlmond 14804Balanced $151 /sq ft Browse all markets →Towns like Belfast nearby
Find towns like Belfast in other states →Where Belfast is
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Questions about Belfast real estate
Is Belfast a buyer’s or seller’s market?
A seller’s market: there were 1.3 months of supply in Belfast, NY 14711 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Belfast?
The typical home went under contract in 23 days in the latest three months.
Do homes in Belfast sell over asking?
40% of homes sold above their original list price, and the typical sale closed at 93.8% of the list price.
What are property taxes in Belfast?
About 2.92% of a home’s value a year in Allegany County, or roughly $11,680 on a $400,000 home.
What is the median home price in Belfast?
The median sale price was $149,935 in the three months ending August 31, 2026, about $90 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology