$2,849 Closing Credit*
$239,900
912 SqFt
3 Beds
•1 Full Bath
Steven Simme, Listing Office: Keller Williams Realty Lancaster
Is Cheektowaga, 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, Cheektowaga has remained a Seller's Market.
Key Takeaway
Cheektowaga is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cheektowaga, NY
How much do homes in Cheektowaga, NY cost?
Median Sold Price
$226,129
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,129(+5.2%)
Key Takeaway
Homes in Cheektowaga have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Cheektowaga was $226,129 in November 2024, up 5.2% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $181.2K | +6.6% |
| 2 Bedrooms | $179K | $189K | +5.6% |
| 3 Bedrooms | $215K | $225.9K | +5.1% |
| 4 Bedrooms | $220K | $230K | +4.5% |
| 5+ Bedrooms | $248.5K | $275K | +10.7% |
Summary: Cheektowaga housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
| West Seneca | $250K | $270K | +8.0% |
| Buffalo | $225.3K | $237.1K | +5.3% |
| Cheektowaga | $215K | $226.1K | +5.2% |
| Depew | $234.9K | $245K | +4.3% |
| Sloan | $175K | $170.5K | -2.6% |
Housing Supply in Cheektowaga, NY
How many homes are available in Cheektowaga, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 347 | 255 | -26.5% |
Summary: The Cheektowaga real estate market had 255 homes for sale in November 2024, a 26.5% 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 | 34 | 26 | -23.5% |
| 3 Bedrooms | 210 | 151 | -28.1% |
| 4 Bedrooms | 66 | 48 | -27.3% |
| 5+ Bedrooms | 37 | 30 | -18.9% |
Summary: The Cheektowaga 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 23.5%, 3 bedroom homes decreased by 28.1%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 18.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 83 | 68 | -18.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
54 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cheektowaga, you could pay more than the asking price. 79.4% of homes here sold above asking price last month.
Summary: A total of 68 homes were sold or pending in Cheektowaga in November 2024, down by 18.1% month-over-month. Of the 68 sold homes, 15% were sold under asking, 6% were sold at asking, and 79% were sold over asking.
Days on Market for Cheektowaga, NY
How long does it take to sell a home in Cheektowaga, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 13 Days | +3.2% |
Summary: Homes in Cheektowaga had an average of 13 days on market in Nov 2024, up by 3.2% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cheektowaga are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 68 homes were sold in Cheektowaga; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
