Is Chautauqua 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, Chautauqua County has remained a Seller's Market.
Housing Prices in Chautauqua County, NY
How much do homes in Chautauqua County, NY cost?
Median Sold Price
$139,991
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chautauqua County was $139,991 in May 2024, down 0.6% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160.5K | $143K | -10.9% |
2 Bedrooms | $137.4K | $122.8K | -10.6% |
3 Bedrooms | $133.8K | $149.7K | +11.9% |
4 Bedrooms | $162K | $140K | -13.6% |
5+ Bedrooms | $245K | $130K | -46.9% |
Summary: Chautauqua County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.9%, 2 bedroom homes decreased by 10.6%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 46.9%.
Median Sold Price Compared To Nearby Counties
Erie County | $244.1K | $251.7K | +3.1% |
Cattaraugus County | $145K | $146.5K | +1.0% |
Chautauqua County | $140.7K | $139.9K | -0.6% |
Housing Supply in Chautauqua County, NY
How many homes are available in Chautauqua County, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
465 | 467 | 0.4% |
Summary: The Chautauqua County real estate market had 467 homes for sale in May 2024, a 0.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 18 | +50.0% |
2 Bedrooms | 71 | 74 | +4.2% |
3 Bedrooms | 190 | 183 | -3.7% |
4 Bedrooms | 120 | 120 | 0.0% |
5+ Bedrooms | 72 | 72 | 0.0% |
Summary: The Chautauqua County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
79 | 90 | +13.9% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Summary: A total of 90 homes were sold or pending in Chautauqua County in May 2024, up by 13.9% month-over-month. Of the 90 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Chautauqua County, NY
How long does it take to sell a home in Chautauqua County, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 37 Days | +6.6% |
Summary: Homes in Chautauqua County had an average of 37 days on market in May 2024, up by 6.6% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During May 2024, 90 homes were sold in Chautauqua County; 62% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.