$4,108 Closing Credit*
$345,900
1,480 SqFt
2 Beds
•2 Full Baths
Richard McMahon, Listing Office: Real Estate Advantage
Is Chautauqua, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Chautauqua was a Seller's Market.
Key Takeaway
Chautauqua 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 Chautauqua, NY
How much do homes in Chautauqua, NY cost?
Median Sold Price
$316,500
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$45,500(-12.6%)
Key Takeaway
Homes in Chautauqua have sold for 12.6% less than they did a year ago.
Summary: The median home sold price in Chautauqua was $316,500 in October 2024, down 12.6% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $176.5K | $218.5K | +23.8% |
| 2 Bedrooms | $237.5K | $270K | +13.7% |
| 3 Bedrooms | $309.5K | $361K | +16.6% |
| 4 Bedrooms | $752.5K | $482.5K | -35.9% |
| 5+ Bedrooms | $716K | $617.2K | -13.8% |
Summary: Chautauqua housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.8%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 16.6%, 4 bedroom homes decreased by 35.9%, and 5+ bedroom homes decreased by 13.8%.
Median Sold Price Compared To Nearby Cities
| Ellery | $295K | $359.5K | +21.9% |
| Dewittville | $280K | $250K | -10.7% |
| Mayville | $262K | $231.2K | -11.8% |
| Chautauqua | $362K | $316.5K | -12.6% |
Housing Supply in Chautauqua, NY
How many homes are available in Chautauqua, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 33 | -34.0% |
Summary: The Chautauqua real estate market had 33 homes for sale in October 2024, a 34.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 4 | -55.6% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 13 | 9 | -30.8% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 10 | 4 | -60.0% |
Summary: The Chautauqua housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 55.6%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 30.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 5 | -64.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chautauqua, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Chautauqua in October 2024, down by 64.3% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Chautauqua, NY
How long does it take to sell a home in Chautauqua, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 63 Days | 16 Days | -74.0% |
Summary: Homes in Chautauqua had an average of 16 days on market in Oct 2024, down by 74% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chautauqua are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Chautauqua; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
