$5,641 Closing Credit*
$475,000
1,923 SqFt
3 Beds
•2 Full Baths
Cheryl M Shaffer, Listing Office: Signature Real Estate Services
Is Clarence, 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, Clarence has remained a Seller's Market.
Key Takeaway
Clarence is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clarence, NY
How much do homes in Clarence, NY cost?
Median Sold Price
$520,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$38,050(+7.9%)
Key Takeaway
Homes in Clarence have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Clarence was $520,000 in November 2024, up 7.9% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | - | N/A |
| 2 Bedrooms | $391.5K | $440K | +12.4% |
| 3 Bedrooms | $339.9K | $400K | +17.7% |
| 4 Bedrooms | $610K | $600.4K | -1.6% |
| 5+ Bedrooms | $754.8K | $749.9K | -0.6% |
Summary: Clarence 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 increased by 12.4%, 3 bedroom homes increased by 17.7%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
| Newstead | $300K | $365K | +21.7% |
| Clarence | $481.9K | $520K | +7.9% |
| Clarence Center | $529.9K | $560K | +5.7% |
| East Amherst | $457.5K | $431K | -5.8% |
| Royalton | $217K | $200K | -7.8% |
Housing Supply in Clarence, NY
How many homes are available in Clarence, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 132 | 87 | -34.1% |
Summary: The Clarence real estate market had 87 homes for sale in November 2024, a 34.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 13 | 9 | -30.8% |
| 3 Bedrooms | 49 | 28 | -42.9% |
| 4 Bedrooms | 53 | 35 | -34.0% |
| 5+ Bedrooms | 16 | 13 | -18.8% |
Summary: The Clarence housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 30.8%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 34%, and 5+ bedroom homes decreased by 18.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 21 | -36.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clarence, you could pay more than the asking price. 61.9% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Clarence in November 2024, down by 36.4% month-over-month. Of the 21 sold homes, 33% were sold under asking, 5% were sold at asking, and 62% were sold over asking.
Days on Market for Clarence, NY
How long does it take to sell a home in Clarence, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 22 Days | +10.8% |
Summary: Homes in Clarence had an average of 22 days on market in Nov 2024, up by 10.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Clarence are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in Clarence; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
