$4,749 Closing Credit*
$399,900
1,449 SqFt
3 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 December 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
$245,246
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$10,346(+4.4%)
Key Takeaway
Homes in Depew have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Depew was $245,246 in December 2024, up 4.4% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $115K | N/A |
| 2 Bedrooms | $232K | $240K | +3.4% |
| 3 Bedrooms | $230K | $245K | +6.5% |
| 4 Bedrooms | $250K | $261.2K | +4.5% |
| 5+ Bedrooms | $295K | $270K | -8.5% |
Summary: Depew housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Cities
| Cheektowaga | $215.1K | $229.9K | +6.9% |
| Lancaster | $320K | $336.3K | +5.1% |
| Depew | $234.9K | $245.2K | +4.4% |
Housing Supply in Depew, NY
How many homes are available in Depew, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 78 | 52 | -33.3% |
Summary: The Depew real estate market had 52 homes for sale in December 2024, a 33.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 3 | -62.5% |
| 3 Bedrooms | 50 | 36 | -28.0% |
| 4 Bedrooms | 13 | 10 | -23.1% |
| 5+ Bedrooms | 7 | 3 | -57.1% |
Summary: The Depew housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 62.5%, 3 bedroom homes decreased by 28%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes decreased by 57.1%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 24 | 21 | -12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Depew, 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 Depew in December 2024, down by 12.5% month-over-month. Of the 21 sold homes, 29% were sold under asking, 10% were sold at asking, and 62% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 12 Days | 12 Days | -0.5% |
Summary: Homes in Depew had an average of 12 days on market in Dec 2024, down by 0.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 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 December 2024, 21 homes were sold in Depew; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
