Is Clarence Center, 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, Clarence Center has remained a Seller's Market.
Key Takeaway
Clarence Center is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clarence Center, NY
How much do homes in Clarence Center, NY cost?
Median Sold Price
$535,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Clarence Center have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Clarence Center was $535,000 in May 2024, up 7.8% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | - | N/A |
| 2 Bedrooms | $445K | $509.9K | +14.6% |
| 3 Bedrooms | $385.4K | $419.7K | +8.9% |
| 4 Bedrooms | $641.1K | $595K | -7.2% |
| 5+ Bedrooms | $725K | $880K | +21.4% |
Summary: Clarence Center housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 21.4%.
Median Sold Price Compared To Nearby Cities
| Royalton | $187.4K | $220K | +17.4% |
| Clarence Center | $496.2K | $535K | +7.8% |
| East Amherst | $426.2K | $445K | +4.4% |
| Clarence | $485.9K | $490K | +0.8% |
| Newstead | $322K | $320K | -0.6% |
Housing Supply in Clarence Center, NY
How many homes are available in Clarence Center, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Summary: The Clarence Center real estate market had 23 homes for sale in May 2024, a 4.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Clarence Center housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clarence Center, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Clarence Center in May 2024, the same as the previous month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Clarence Center, NY
How long does it take to sell a home in Clarence Center, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 34 Days | +67.8% |
Summary: Homes in Clarence Center had an average of 34 days on market in May 2024, up by 67.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Clarence Center are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Clarence Center; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
