Is Cattaraugus County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cattaraugus County has remained a Neutral Market.
Key Takeaway
Cattaraugus County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cattaraugus County, NY
How much do homes in Cattaraugus County, NY cost?
Median Sold Price
$146,500
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cattaraugus County have sold for 1% more than they did a year ago.
Summary: The median home sold price in Cattaraugus County was $146,500 in May 2024, up 1% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136.9K | $184K | +34.4% |
| 2 Bedrooms | $107K | $110K | +2.8% |
| 3 Bedrooms | $143.4K | $138.6K | -3.3% |
| 4 Bedrooms | $163K | $174.4K | +7.0% |
| 5+ Bedrooms | $213K | $206.8K | -2.9% |
Summary: Cattaraugus County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.4%, 2 bedroom homes increased by 2.8%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Counties
| Wyoming County | $150K | $165K | +10.0% |
| Erie County | $244.1K | $251.7K | +3.1% |
| Cattaraugus County | $145K | $146.5K | +1.0% |
| Chautauqua County | $140.7K | $139.9K | -0.6% |
| Allegany County | $124.4K | $123K | -1.1% |
Housing Supply in Cattaraugus County, NY
How many homes are available in Cattaraugus County, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 244 | 260 | +6.6% |
Summary: The Cattaraugus County real estate market had 260 homes for sale in May 2024, a 6.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 22 | +22.2% |
| 2 Bedrooms | 36 | 40 | +11.1% |
| 3 Bedrooms | 99 | 90 | -9.1% |
| 4 Bedrooms | 50 | 60 | +20.0% |
| 5+ Bedrooms | 41 | 48 | +17.1% |
Summary: The Cattaraugus County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 17.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 43 | +30.3% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cattaraugus County, you may be able to get a good deal. 53.5% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in Cattaraugus County in May 2024, up by 30.3% month-over-month. Of the 43 sold homes, 53% were sold under asking, 12% were sold at asking, and 35% were sold over asking.
Days on Market for Cattaraugus County, NY
How long does it take to sell a home in Cattaraugus County, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 55 Days | +26.9% |
Summary: Homes in Cattaraugus County had an average of 55 days on market in May 2024, up by 26.9% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cattaraugus County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 43 homes were sold in Cattaraugus County; 51% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
