$3,324 Closing Credit*
$279,900
1,368 SqFt
2 Beds
•2 Full Baths
James G LoVallo, Listing Office: LoVallo Real Estate
Is Amherst, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$332,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$675(-0.2%)
Key Takeaway
The sold price of homes in Amherst has remained the same since last year.
Summary: The median home sold price in Amherst was $332,000 in November 2024, down 0.2% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $150K | +11.1% |
| 2 Bedrooms | $205.6K | $215K | +4.5% |
| 3 Bedrooms | $315K | $318.2K | +1.0% |
| 4 Bedrooms | $425.7K | $435K | +2.2% |
| 5+ Bedrooms | $517.3K | $447.5K | -13.5% |
Summary: Amherst housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 13.5%.
Median Sold Price Compared To Nearby Cities
| North Tonawanda | $230K | $245K | +6.5% |
| Amherst | $332.6K | $332K | -0.2% |
| East Amherst | $457.5K | $431K | -5.8% |
| Williamsville | $341.2K | $311.2K | -8.8% |
| Getzville | $420K | $322.5K | -23.2% |
Housing Supply in Amherst, NY
How many homes are available in Amherst, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 436 | 299 | -31.4% |
Summary: The Amherst real estate market had 299 homes for sale in November 2024, a 31.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 89 | 66 | -25.8% |
| 3 Bedrooms | 180 | 108 | -40.0% |
| 4 Bedrooms | 134 | 96 | -28.4% |
| 5+ Bedrooms | 26 | 24 | -7.7% |
Summary: The Amherst housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes decreased by 25.8%, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 28.4%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 120 | 80 | -33.3% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
55 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Amherst, you could pay more than the asking price. 68.8% of homes here sold above asking price last month.
Summary: A total of 80 homes were sold or pending in Amherst in November 2024, down by 33.3% month-over-month. Of the 80 sold homes, 29% were sold under asking, 3% were sold at asking, and 69% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 16 Days | +3.6% |
Summary: Homes in Amherst had an average of 16 days on market in Nov 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
72 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 80 homes were sold in Amherst; 90% of homes were sold within 30 days, 6% 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.