$199,900
52.00 Acres
Land
•1 Full Bath
Daniel Terhune, Listing Office: Century 21 Turner Brokers
Is Bemus Point, 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, Bemus Point has remained a Buyer's Market.
Key Takeaway
Bemus Point is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bemus Point, NY
How much do homes in Bemus Point, NY cost?
Median Sold Price
$380,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$42,399(+12.6%)
Key Takeaway
Homes in Bemus Point have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in Bemus Point was $380,000 in November 2024, up 12.6% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | - | N/A |
| 2 Bedrooms | $200K | $181K | -9.5% |
| 3 Bedrooms | $331.4K | $349.5K | +5.4% |
| 4 Bedrooms | $425K | $575K | +35.3% |
| 5+ Bedrooms | $996.2K | $1.2M | +22.5% |
Summary: Bemus Point housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes increased by 22.5%.
Median Sold Price Compared To Nearby Cities
| Ellery | $309.5K | $359K | +16.0% |
| Bemus Point | $337.6K | $380K | +12.6% |
Housing Supply in Bemus Point, NY
How many homes are available in Bemus Point, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Summary: The Bemus Point real estate market had 18 homes for sale in November 2024, a 5.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 1 | -75.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Bemus Point housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 75%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bemus Point, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Bemus Point in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Bemus Point, NY
How long does it take to sell a home in Bemus Point, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 80 Days | 28 Days | -65.0% |
Summary: Homes in Bemus Point had an average of 28 days on market in Nov 2024, down by 65% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bemus Point are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Bemus Point; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
