Is Allegany County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Allegany County was a Buyer's Market.
Housing Prices in Allegany County, NY
How much do homes in Allegany County, NY cost?
Median Sold Price
$123,000
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Allegany County was $123,000 in May 2024, down 1.1% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $83.9K | $64K | -23.8% |
2 Bedrooms | $93K | $100.7K | +8.3% |
3 Bedrooms | $125K | $128K | +2.4% |
4 Bedrooms | $140K | $150K | +7.1% |
5+ Bedrooms | $151.5K | $150K | -1.0% |
Summary: Allegany County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.8%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Counties
Wyoming County | $150K | $165K | +10.0% |
Livingston County | $192K | $210K | +9.4% |
Steuben County | $145K | $150.3K | +3.7% |
Cattaraugus County | $145K | $146.5K | +1.0% |
Allegany County | $124.4K | $123K | -1.1% |
Housing Supply in Allegany County, NY
How many homes are available in Allegany County, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
158 | 152 | -3.8% |
Summary: The Allegany County real estate market had 152 homes for sale in May 2024, a 3.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 36 | 31 | -13.9% |
3 Bedrooms | 63 | 58 | -7.9% |
4 Bedrooms | 39 | 43 | +10.3% |
5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Allegany County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 13.9%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 30 | +25.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Allegany County in May 2024, up by 25.0% month-over-month. Of the 30 sold homes, 63% were sold under asking, 10% were sold at asking, and 27% were sold over asking.
Days on Market for Allegany County, NY
How long does it take to sell a home in Allegany County, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
54 Days | 83 Days | +53.8% |
Summary: Homes in Allegany County had an average of 83 days on market in May 2024, up by 53.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 30 homes were sold in Allegany County; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.