$2,671 Closing Credit*
$224,900
955 SqFt
3 Beds
•1 Full Bath, 1 Partial
Michele M Tracy, Listing Office: Howard Hanna WNY Inc.
Is Lockport, 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, Lockport has remained a Seller's Market.
Key Takeaway
Lockport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lockport, NY
How much do homes in Lockport, NY cost?
Median Sold Price
$210,000
$145/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 Lockport has remained the same since last year.
Summary: The median home sold price in Lockport was $210,000 in October 2024, the same as last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $105K | +50.0% |
| 2 Bedrooms | $180K | $182.5K | +1.4% |
| 3 Bedrooms | $200K | $231.5K | +15.8% |
| 4 Bedrooms | $258.4K | $242.3K | -6.2% |
| 5+ Bedrooms | $235.9K | $196K | -16.9% |
Summary: Lockport housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes decreased by 16.9%.
Housing Supply in Lockport, NY
How many homes are available in Lockport, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 204 | 175 | -14.2% |
Summary: The Lockport real estate market had 175 homes for sale in October 2024, a 14.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 36 | 27 | -25.0% |
| 3 Bedrooms | 102 | 78 | -23.5% |
| 4 Bedrooms | 44 | 50 | +13.6% |
| 5+ Bedrooms | 21 | 20 | -4.8% |
Summary: The Lockport housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 46 | +9.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lockport, you could pay more than the asking price. 63% of homes here sold above asking price last month.
Summary: A total of 46 homes were sold or pending in Lockport in October 2024, up by 9.5% month-over-month. Of the 46 sold homes, 24% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Lockport, NY
How long does it take to sell a home in Lockport, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 18 Days | +14.8% |
Summary: Homes in Lockport had an average of 18 days on market in Oct 2024, up by 14.8% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lockport are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 46 homes were sold in Lockport; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
