$4,097 Closing Credit*
$345,000
1,367 SqFt
2 Beds
•2 Full Baths
Fiona Byrne, Listing Office: Schneider Real Estate Services LLC
Is Lackawanna, 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, Lackawanna has remained a Seller's Market.
Key Takeaway
Lackawanna is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lackawanna, NY
How much do homes in Lackawanna, NY cost?
Median Sold Price
$200,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,900(+14.2%)
Key Takeaway
Homes in Lackawanna have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Lackawanna was $200,000 in November 2024, up 14.2% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $100K | $185K | +85.0% |
| 3 Bedrooms | $172.5K | $199.9K | +15.9% |
| 4 Bedrooms | $196.2K | $235K | +19.7% |
| 5+ Bedrooms | $199.9K | $200K | 0.0% |
Summary: Lackawanna housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 85%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lackawanna | $175.1K | $200K | +14.2% |
| West Seneca | $250K | $270K | +8.0% |
| Buffalo | $225.3K | $237.1K | +5.3% |
Housing Supply in Lackawanna, NY
How many homes are available in Lackawanna, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 52 | -16.1% |
Summary: The Lackawanna real estate market had 52 homes for sale in November 2024, a 16.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 24 | 16 | -33.3% |
| 4 Bedrooms | 13 | 9 | -30.8% |
| 5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The Lackawanna housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lackawanna, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Lackawanna in November 2024, down by 9.1% month-over-month. Of the 10 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% were sold over asking.
Days on Market for Lackawanna, NY
How long does it take to sell a home in Lackawanna, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 8 Days | -71.0% |
Summary: Homes in Lackawanna had an average of 8 days on market in Nov 2024, down by 71% compared to last year.
Breakdown of Home Sale Times
10 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 Lackawanna are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Lackawanna; 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.
