$3,324 Closing Credit*
$279,900
1,368 SqFt
2 Beds
•2 Full Baths
James G LoVallo, Listing Office: LoVallo Real Estate
Is East Amherst, 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, East Amherst has remained a Seller's Market.
Key Takeaway
East Amherst is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Amherst, NY
How much do homes in East Amherst, NY cost?
Median Sold Price
$431,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$26,500(-5.8%)
Key Takeaway
Homes in East Amherst have sold for 5.8% less than they did a year ago.
Summary: The median home sold price in East Amherst was $431,000 in November 2024, down 5.8% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $170K | -19.0% |
| 2 Bedrooms | $240K | $232K | -3.3% |
| 3 Bedrooms | $350K | $394K | +12.6% |
| 4 Bedrooms | $500K | $535K | +7.0% |
| 5+ Bedrooms | $654.5K | $640K | -2.2% |
Summary: East Amherst housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
| Pendleton | $297.5K | $410K | +37.8% |
| Clarence | $481.9K | $520K | +7.9% |
| Clarence Center | $529.9K | $560K | +5.7% |
| Amherst | $332.6K | $332K | -0.2% |
| East Amherst | $457.5K | $431K | -5.8% |
Housing Supply in East Amherst, NY
How many homes are available in East Amherst, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 | 51 | -37.0% |
Summary: The East Amherst real estate market had 51 homes for sale in November 2024, a 37.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 31 | 18 | -41.9% |
| 4 Bedrooms | 30 | 17 | -43.3% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The East Amherst housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 41.9%, 4 bedroom homes decreased by 43.3%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 11 | -47.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Amherst, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in East Amherst in November 2024, down by 47.6% month-over-month. Of the 11 sold homes, 18% were sold under asking, 9% were sold at asking, and 73% were sold over asking.
Days on Market for East Amherst, NY
How long does it take to sell a home in East Amherst, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 6 Days | -69.9% |
Summary: Homes in East Amherst had an average of 6 days on market in Nov 2024, down by 69.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Amherst are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in East Amherst; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
