$2,493 Closing Credit*
$209,900
1,152 SqFt
3 Beds
•1 Full Bath
Kevin G Cullen, Listing Office: Howard Hanna WNY Inc.
Is Great Valley, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Great Valley was a Seller's Market.
Key Takeaway
Great Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Great Valley, NY
How much do homes in Great Valley, NY cost?
Median Sold Price
$210,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$77,500(-27.0%)
Key Takeaway
Homes in Great Valley have sold for 27% less than they did a year ago.
Summary: The median home sold price in Great Valley was $210,000 in October 2024, down 27% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $186.5K | N/A |
| 2 Bedrooms | $189K | $230K | +21.7% |
| 3 Bedrooms | $307.5K | $233.5K | -24.1% |
| 4 Bedrooms | $367K | $289.5K | -21.1% |
| 5+ Bedrooms | - | $250K | N/A |
Summary: Great Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.7%, 3 bedroom homes decreased by 24.1%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Salamanca | $90K | $95K | +5.6% |
| Great Valley | $287.5K | $210K | -27.0% |
Housing Supply in Great Valley, NY
How many homes are available in Great Valley, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Summary: The Great Valley real estate market had 19 homes for sale in October 2024, a 11.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Great Valley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Great Valley, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Great Valley in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Great Valley, NY
How long does it take to sell a home in Great Valley, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 79 Days | 48 Days | -39.7% |
Summary: Homes in Great Valley had an average of 48 days on market in Oct 2024, down by 39.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Great Valley has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Great Valley; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
