$4,796 Closing Credit*
$403,900
1,449 SqFt
2 Beds
•2 Full Baths, 1 Partial
Annette D Pellerin, Listing Office: Marrano/Marc Equity Corp
Is Depew, 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, Depew has remained a Seller's Market.
Key Takeaway
Depew is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Depew, NY
How much do homes in Depew, NY cost?
Median Sold Price
$245,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,033(+4.3%)
Key Takeaway
Homes in Depew have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Depew was $245,000 in November 2024, up 4.3% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $115K | N/A |
| 2 Bedrooms | $222.5K | $240K | +7.8% |
| 3 Bedrooms | $230.3K | $245K | +6.4% |
| 4 Bedrooms | $250K | $253.5K | +1.4% |
| 5+ Bedrooms | $295K | $270K | -8.5% |
Summary: Depew 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 7.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Cities
| Cheektowaga | $215K | $226.1K | +5.2% |
| Depew | $234.9K | $245K | +4.3% |
| Lancaster | $323.5K | $325.7K | +0.7% |
Housing Supply in Depew, NY
How many homes are available in Depew, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 89 | 59 | -33.7% |
Summary: The Depew real estate market had 59 homes for sale in November 2024, a 33.7% 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 | 12 | 6 | -50.0% |
| 3 Bedrooms | 56 | 41 | -26.8% |
| 4 Bedrooms | 15 | 8 | -46.7% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Depew 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 50%, 3 bedroom homes decreased by 26.8%, 4 bedroom homes decreased by 46.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 15 | -34.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Depew, you could pay more than the asking price. 73.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Depew in November 2024, down by 34.8% month-over-month. Of the 15 sold homes, 20% were sold under asking, 7% were sold at asking, and 73% were sold over asking.
Days on Market for Depew, NY
How long does it take to sell a home in Depew, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 15 Days | +20.8% |
Summary: Homes in Depew had an average of 15 days on market in Nov 2024, up by 20.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Depew are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in Depew; 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.
