$5,071 Closing Credit*
$427,000
2,544 SqFt
4 Beds
•3 Full Baths
Lisa M Serio, Listing Office: HUNT Real Estate Corporation
Is Amherst, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Amherst has remained a Seller's Market.
Key Takeaway
Amherst is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Amherst, NY
How much do homes in Amherst, NY cost?
Median Sold Price
$335,300
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,633(+2.0%)
Key Takeaway
Homes in Amherst have sold for 2% more than they did a year ago.
Summary: The median home sold price in Amherst was $335,300 in October 2024, up 2% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $133.5K | $150K | +12.4% |
| 2 Bedrooms | $205K | $215K | +4.9% |
| 3 Bedrooms | $310.5K | $318.7K | +2.6% |
| 4 Bedrooms | $423.3K | $439K | +3.7% |
| 5+ Bedrooms | $534.2K | $455K | -14.8% |
Summary: Amherst housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.4%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 14.8%.
Median Sold Price Compared To Nearby Cities
| North Tonawanda | $230K | $245.5K | +6.7% |
| Amherst | $328.6K | $335.3K | +2.0% |
| East Amherst | $447.5K | $440K | -1.7% |
| Williamsville | $331.7K | $317.7K | -4.2% |
| Getzville | $420K | $334.3K | -20.4% |
Housing Supply in Amherst, NY
How many homes are available in Amherst, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 443 | 398 | -10.2% |
Summary: The Amherst real estate market had 398 homes for sale in October 2024, a 10.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 95 | 83 | -12.6% |
| 3 Bedrooms | 188 | 162 | -13.8% |
| 4 Bedrooms | 129 | 120 | -7.0% |
| 5+ Bedrooms | 24 | 26 | +8.3% |
Summary: The Amherst housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.6%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 112 | 103 | -8.0% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
70 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Amherst, you could pay more than the asking price. 68% of homes here sold above asking price last month.
Summary: A total of 103 homes were sold or pending in Amherst in October 2024, down by 8.0% month-over-month. Of the 103 sold homes, 25% were sold under asking, 7% were sold at asking, and 68% were sold over asking.
Days on Market for Amherst, NY
How long does it take to sell a home in Amherst, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 23 Days | +46.8% |
Summary: Homes in Amherst had an average of 23 days on market in Oct 2024, up by 46.8% compared to last year.
Breakdown of Home Sale Times
87 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Amherst are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 103 homes were sold in Amherst; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.