$4,156 Closing Credit*
$350,000
1,585 SqFt
4 Beds
•3 Full Baths
Timothy Ulinger, Listing Office: eXp Realty
Is New Albion, 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, New Albion has remained a Seller's Market.
Key Takeaway
New Albion is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Albion, NY
How much do homes in New Albion, NY cost?
Median Sold Price
$110,000
$78/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$49,659(-31.1%)
Key Takeaway
Homes in New Albion have sold for 31.1% less than they did a year ago.
Summary: The median home sold price in New Albion was $110,000 in October 2024, down 31.1% from last year, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $21.5K | $150K | +597.7% |
| 3 Bedrooms | $147.5K | $100K | -32.2% |
| 4 Bedrooms | $173K | $150K | -13.3% |
| 5+ Bedrooms | $160K | $157.5K | -1.6% |
Summary: New Albion 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 597.7%, 3 bedroom homes decreased by 32.2%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Cities
| Cattaraugus | $145K | $153.7K | +6.0% |
| New Albion | $159.6K | $110K | -31.1% |
Housing Supply in New Albion, NY
How many homes are available in New Albion, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Summary: The New Albion real estate market had 5 homes for sale in October 2024, a 28.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Albion 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 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New Albion, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in New Albion in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for New Albion, NY
How long does it take to sell a home in New Albion, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 5 Days | -80.8% |
Summary: Homes in New Albion had an average of 5 days on market in Oct 2024, down by 80.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Albion are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in New Albion; 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.
