$1,069 Closing Credit*
$90,000
432 SqFt
1 Bed
Brent A Hardy, Listing Office: Century 21 North East
Is Cattaraugus County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Cattaraugus County was a Seller's Market.
Key Takeaway
Cattaraugus County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cattaraugus County, NY
How much do homes in Cattaraugus County, NY cost?
Median Sold Price
$154,805
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,805(+10.6%)
Key Takeaway
Homes in Cattaraugus County have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Cattaraugus County was $154,805 in November 2024, up 10.6% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $177.5K | +121.9% |
| 2 Bedrooms | $97.7K | $125K | +27.9% |
| 3 Bedrooms | $143.1K | $142.8K | -0.3% |
| 4 Bedrooms | $153.5K | $180K | +17.3% |
| 5+ Bedrooms | $192.5K | $259K | +34.5% |
Summary: Cattaraugus County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 121.9%, 2 bedroom homes increased by 27.9%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 34.5%.
Median Sold Price Compared To Nearby Counties
| Cattaraugus County | $140K | $154.8K | +10.6% |
| Chautauqua County | $137.7K | $149.9K | +8.8% |
| Allegany County | $120.5K | $129K | +7.1% |
| Wyoming County | $164.1K | $172.3K | +5.0% |
| Erie County | $250K | $260K | +4.0% |
Housing Supply in Cattaraugus County, NY
How many homes are available in Cattaraugus County, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 371 | 341 | -8.1% |
Summary: The Cattaraugus County real estate market had 341 homes for sale in November 2024, a 8.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 22 | 0.0% |
| 2 Bedrooms | 58 | 55 | -5.2% |
| 3 Bedrooms | 153 | 134 | -12.4% |
| 4 Bedrooms | 79 | 76 | -3.8% |
| 5+ Bedrooms | 59 | 54 | -8.5% |
Summary: The Cattaraugus County 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 5.2%, 3 bedroom homes decreased by 12.4%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 8.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 53 | -1.9% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cattaraugus County, you may be able to get a good deal. 54.7% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in Cattaraugus County in November 2024, down by 1.9% month-over-month. Of the 53 sold homes, 55% were sold under asking, 8% were sold at asking, and 38% were sold over asking.
Days on Market for Cattaraugus County, NY
How long does it take to sell a home in Cattaraugus County, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 36 Days | +30.7% |
Summary: Homes in Cattaraugus County had an average of 36 days on market in Nov 2024, up by 30.7% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cattaraugus County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 53 homes were sold in Cattaraugus County; 64% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.