$1,663 Closing Credit*
$140,000
1,324 SqFt
3 Beds
•1 Full Bath
Derek Greene, Listing Office: The Greene Realty Group
Is Cheektowaga, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$225,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,160(+6.2%)
Key Takeaway
Homes in Cheektowaga have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Cheektowaga was $225,000 in October 2024, up 6.2% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $181.2K | +6.6% |
| 2 Bedrooms | $176.5K | $189.5K | +7.4% |
| 3 Bedrooms | $211.2K | $225K | +6.5% |
| 4 Bedrooms | $220K | $235K | +6.8% |
| 5+ Bedrooms | $247K | $262.5K | +6.3% |
Summary: Cheektowaga housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Cities
| West Seneca | $250K | $269.9K | +8.0% |
| Cheektowaga | $211.8K | $225K | +6.2% |
| Depew | $232K | $245K | +5.6% |
| Buffalo | $226.4K | $234.9K | +3.8% |
| Sloan | $175K | $174.9K | -0.1% |
Housing Supply in Cheektowaga, NY
How many homes are available in Cheektowaga, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 365 | 299 | -18.1% |
Summary: The Cheektowaga real estate market had 299 homes for sale in October 2024, a 18.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 42 | 32 | -23.8% |
| 3 Bedrooms | 200 | 179 | -10.5% |
| 4 Bedrooms | 82 | 55 | -32.9% |
| 5+ Bedrooms | 41 | 33 | -19.5% |
Summary: The Cheektowaga housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.8%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 32.9%, and 5+ bedroom homes decreased by 19.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 106 | 66 | -37.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
50 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cheektowaga, you could pay more than the asking price. 75.8% of homes here sold above asking price last month.
Summary: A total of 66 homes were sold or pending in Cheektowaga in October 2024, down by 37.7% month-over-month. Of the 66 sold homes, 21% were sold under asking, 3% were sold at asking, and 76% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 18 Days | +17.0% |
Summary: Homes in Cheektowaga had an average of 18 days on market in Oct 2024, up by 17% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 66 homes were sold in Cheektowaga; 82% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
