$6,638 Closing Credit*
$559,000
2,100 SqFt
3 Beds
•2 Full Baths
Jennifer Courtney, Listing Office: Keller Williams Realty Lancaster
Is Ellicottville, 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, Ellicottville has remained a Buyer's Market.
Key Takeaway
Ellicottville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ellicottville, NY
How much do homes in Ellicottville, NY cost?
Median Sold Price
$420,000
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+2.4%)
Key Takeaway
Homes in Ellicottville have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Ellicottville was $420,000 in November 2024, up 2.4% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108.4K | $260K | +139.7% |
| 2 Bedrooms | $112K | $350K | +212.5% |
| 3 Bedrooms | $422K | $457.5K | +8.4% |
| 4 Bedrooms | $465K | $525K | +12.9% |
| 5+ Bedrooms | $486.2K | $657K | +35.1% |
Summary: Ellicottville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 139.7%, 2 bedroom homes increased by 212.5%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 35.1%.
Housing Supply in Ellicottville, NY
How many homes are available in Ellicottville, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 76 | -1.3% |
Summary: The Ellicottville real estate market had 76 homes for sale in November 2024, a 1.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 13 | +30.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 13 | 9 | -30.8% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The Ellicottville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellicottville, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Ellicottville in November 2024, down by 44.4% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Ellicottville, NY
How long does it take to sell a home in Ellicottville, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 102 Days | +503.5% |
Summary: Homes in Ellicottville had an average of 102 days on market in Nov 2024, up by 503.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ellicottville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Ellicottville; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
