$1,081 Closing Credit*
$91,000
1,272 SqFt
3 Beds
•2 Full Baths, 1 Partial
Alex Morlock, Listing Office: Howard Hanna WNY Inc.
Is New Albion, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, New Albion was a Buyer'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
$153,350
$80/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,350(+5.8%)
Key Takeaway
Homes in New Albion have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in New Albion was $153,350 in November 2024, up 5.8% from last year, and the median price per square foot was $80.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $21.5K | $150K | +597.7% |
| 3 Bedrooms | $135.5K | $100K | -26.2% |
| 4 Bedrooms | $173K | $154.5K | -10.7% |
| 5+ Bedrooms | - | $157.5K | N/A |
Summary: New Albion 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 597.7%, 3 bedroom homes decreased by 26.2%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Persia | $130K | $145K | +11.5% |
| Cattaraugus | $145K | $157.1K | +8.3% |
| New Albion | $145K | $153.3K | +5.8% |
Housing Supply in New Albion, NY
How many homes are available in New Albion, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Summary: The New Albion real estate market had 6 homes for sale in November 2024, a 14.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Albion housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was 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 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 New Albion in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 5 Days | -78.8% |
Summary: Homes in New Albion had an average of 5 days on market in Nov 2024, down by 78.8% compared to last year.
Breakdown of Home Sale Times
2 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 New Albion are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 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.
