Is Caneadea, NY 14717 a buyer’s or seller’s market?
Caneadea is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Caneadea housing market right now
In the three months ending August 31, 2026, 75% of homes in Caneadea, NY 14717 sold above their list price, the typical home went under contract in 14 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 4 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 33%, homes sold faster (34 days then) and the median sale price rose 52% to $364,842. Overall, Caneadea is more competitive than a year ago, so tougher for buyers.
Within Allegany County, homes here sell faster than in 74% of the county’s ZIP codes, and sell more often over asking than in 95%.
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) is even more competitive.
Run the numbers for 14717
Nearby markets
Alfred 14802Balanced $101 /sq ftAlfred Station 14803 — /sq ftAlma 14708Seller’s market $317 /sq ftAlmond 14804Balanced $151 /sq ft Browse all markets →Where Caneadea is
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Questions about Caneadea real estate
Is Caneadea a buyer’s or seller’s market?
A balanced market: there were 4 months of supply in Caneadea, NY 14717 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 Caneadea?
The typical home went under contract in 14 days in the latest three months.
Do homes in Caneadea sell over asking?
75% of homes sold above their original list price, and the typical sale closed at 98.0% of the list price.
What are property taxes in Caneadea?
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 Caneadea?
The median sale price was $364,842 in the three months ending August 31, 2026, about $241 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