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Featured local agent — South Lockport, NY
Sarah Mitchell
Compass Real Estate · South Lockport, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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South Lockport, NY Housing Market
The last median sale price Redfin published was $289,000, -19.4% year over year (through May 2026). With 1.5 months of supply and homes going under contract in about 25 days, South Lockport is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $289,000 home is about $1,543/mo in principal and interest.
Key numbers for South Lockport, NY
Median sale price
$289,000
-19.4% year over year
Redfin, through April 2026
Days on market
25
Average pace
Redfin, through April 2026
Active listings
6
1.5 months of supply
Redfin, through April 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$54,051
Home costs 5.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
109.5%
Selling above asking
Redfin, through April 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is South Lockport a buyer's or seller's market?
South Lockport, NY is a strong seller's market, based on 1.5 months of supply and homes selling in about 25 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the South Lockport housing market data show?
Every row below is Redfin's final published month for South Lockport, NY. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $289,000 |
| Median list price | $525,400 |
| Year-over-year price change | -19.4% |
| Median price per sq ft | $188/sq ft |
| Median days on market | 25 days |
| Active inventory | 6 listings |
| Months of supply | 1.5 months |
| Sale-to-list price ratio | 109.5% |
| Homes sold (that month) | 4 |
| New listings (that month) | 2 |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for South Lockport is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in South Lockport is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have South Lockport home prices moved?
Over the last three years the median sale price in South Lockport, NY rose 12.0%, from $258,000 to $289,000. For prices to fall meaningfully from here, supply would have to keep building past 1.5 months while the sale-to-list ratio slips below its current 109.5%. Watch those two together — they move before the median does.
Redfin, through April 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in South Lockport?
Priced off the median sale price of $289,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $57,800 | $231,200 | $1,543/mo |
| 5% | $14,450 | $274,550 | $1,832/mo |
Redfin, through April 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,543, that implies roughly $66,122 a year before you add taxes and insurance. The median household in South Lockport earns $54,051, about $12,071 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 5.3x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in South Lockport in the next 12 months?
Tell us your timeline. We send the South Lockport market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in South Lockport?
Zillow does not publish a rent index (ZORI) for South Lockport, NY, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in South Lockport?
Active listings in South Lockport, NY went from 10 in April 2025 to 6 in April 2026, a -40.0% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| May 2025 | 6 | 2 |
| June 2025 | 3 | 3 |
| July 2025 | 8 | 10 |
| August 2025 | 6 | 4 |
| September 2025 | 8 | 6 |
| October 2025 | 13 | 9 |
| November 2025 | 11 | 5 |
| December 2025 | 8 | 2 |
| January 2026 | 6 | 2 |
| February 2026 | 7 | 5 |
| March 2026 | 7 | 2 |
| April 2026 | 6 | 2 |
Redfin, through April 2026
How does South Lockport compare to New York and the U.S.?
South Lockport homes sell for $289,000 — 53% below the New York median of $620,500. Against the national median of $410,700, South Lockport runs 30% lower. Year-over-year, South Lockport moved -19.4% against New York's +5.1% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| South Lockport, NY | $289,000 | -19.4% | 25 days |
| New York statewide | $620,500 | +5.1% | 42 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through April 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in South Lockport
What buyers should watch
- Months of supply, currently 1.5. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $289 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $289,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median South Lockport listing goes under contract in 25 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 109.5% of asking. Price at the number you want and let competition do the rest.
- In the last published month South Lockport added 2 new listings against 4 sales — more clearing than arriving, which is the better window to list.
- Comparable ZIP-level pricing inside South Lockport varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in South Lockport
There are currently 6 homes listed for sale in South Lockport, New York. The median listing price is $525K.
Active listings
6
Homes on market
Median list price
$525K
Avg. days on market
25
Days until sale
New this week
2
Newly listed
How much do homes cost in South Lockport by property type?
How the South Lockport, NY market breaks down across single-family homes, condos and townhouses. Redfin, through April 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $289,000 | $188/sq ft | 4 | 25 days |
| Townhouse | $210,000 | $90/sq ft | 1 | 14 days |
Who lives in South Lockport?
American Community Survey estimates for South Lockport. U.S. Census ACS, 2023
Population
8,660
Households
3,859
Median income
$54,051/yr
Median age
43.5 years
Owner-occupied
67.6%
Median home value
$143,800
Median gross rent
$647/mo
Mean commute
23.9 min
67.6% of occupied homes in South Lockport are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near South Lockport, NY?
Ordered by distance from South Lockport, not by size. Compare South Lockport side by side with any of them.
South Lockport housing market FAQ
Is South Lockport a buyer's or seller's market?
South Lockport, NY is currently a strong seller's market. That read comes from 1.5 months of supply, homes going under contract in about 25 days, and sellers getting 109.5% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in South Lockport?
The median sale price in the last month Redfin published was $289,000, about $188 per square foot.
Is South Lockport cheaper than the rest of New York?
South Lockport's median sale price of $289,000 is 53% lower than the New York statewide median of $620,500, and 30% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in South Lockport?
Homes in South Lockport, NY spent a median of 25 days on market before going under contract, versus 42 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in South Lockport?
At the current 30-year fixed rate of 7.03%, 20% down on a $289,000 home is about $1,543 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $66,122 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $54,051.
Are home prices rising in South Lockport?
Redfin's last published year-over-year change for South Lockport, NY was -19.4%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in South Lockport?
South Lockport ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in South Lockport?
That depends on your timeline, not on a headline. What the data says today: South Lockport, NY is a strong seller's market with 1.5 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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