$5,213 Closing Credit*
$439,000
1,144 SqFt
3 Beds
•1 Full Bath, 1 Partial
Sarah Blaszczak, Listing Office: Buffalo First Realty Group Inc
Is Ellicottville, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$410,000
$289/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Ellicottville has remained the same since last year.
Summary: The median home sold price in Ellicottville was $410,000 in October 2024, the same as last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $148.9K | $260K | +74.6% |
| 2 Bedrooms | $165K | $350K | +112.1% |
| 3 Bedrooms | $441K | $410K | -7.0% |
| 4 Bedrooms | $455K | $523K | +14.9% |
| 5+ Bedrooms | $480K | $657K | +36.9% |
Summary: Ellicottville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 74.6%, 2 bedroom homes increased by 112.1%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 36.9%.
Housing Supply in Ellicottville, NY
How many homes are available in Ellicottville, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 77 | 74 | -3.9% |
Summary: The Ellicottville real estate market had 74 homes for sale in October 2024, a 3.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 17 | 16 | -5.9% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The Ellicottville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ellicottville, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Ellicottville in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 66 Days | +209.4% |
Summary: Homes in Ellicottville had an average of 66 days on market in Oct 2024, up by 209.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 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 October 2024, 8 homes were sold in Ellicottville; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
