14031 — Erie County, New York Market Snapshot
Housing market data for zip code 14031 in Erie County, New York. Updated monthly with median prices, days on market, and more.
Market Sales Data
12 sales in 2026 (year to date)
Median Sale Price
$572,500
Days to Sell
36
Homes Sold
12
Inventory
18
Sale-to-List
104.5%
New Listings
36
Price/SqFt
$234
Pending Sales
23
Conforming Loan Available
Most homebuyers in 14031 can comfortably use conventional financing. The median home price of $572,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
14031's market is balanced with homes taking an average of 36 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes in 14031 are selling 4.5% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 14031 can comfortably use conventional financing. The median home price of $572,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 14031 are set at the county level.
2026 Loan Limits — Erie County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 14031
To purchase the median home at $572,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,536.
Monthly Payment
$4,536
Income Required
$194,413
Principal & Interest
$3,528/mo
Down Payment (5%)
$28,625
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 14031.
Estimated Monthly Payment
$3,693
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