$2,957 Closing Credit*
$249,000
2,402 SqFt
4 Beds
•2 Full Baths, 1 Partial
Rachele Sutherland, Listing Office: HUNT Real Estate Corporation
Is Newfane, 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, Newfane has remained a Buyer's Market.
Key Takeaway
Newfane is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Newfane, NY
How much do homes in Newfane, NY cost?
Median Sold Price
$230,000
$157/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in Newfane has remained the same since last year.
Summary: The median home sold price in Newfane was $230,000 in November 2024, the same as last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | - | N/A |
| 2 Bedrooms | $159K | $160K | +0.6% |
| 3 Bedrooms | $257K | $241.2K | -6.1% |
| 4 Bedrooms | $220K | $230K | +4.5% |
| 5+ Bedrooms | $211K | $225.5K | +6.9% |
Summary: Newfane 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 0.6%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Cities
| Gasport | $230K | $267.5K | +16.3% |
| Newfane | $230K | $230K | 0.0% |
Housing Supply in Newfane, NY
How many homes are available in Newfane, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 28 | -22.2% |
Summary: The Newfane real estate market had 28 homes for sale in November 2024, a 22.2% 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Newfane 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 20%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 3 | -70.0% |
Asking Price vs. Sold Price
2 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 Newfane, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Newfane in November 2024, down by 70.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Newfane, NY
How long does it take to sell a home in Newfane, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 20 Days | +313.3% |
Summary: Homes in Newfane had an average of 20 days on market in Nov 2024, up by 313.3% compared to last year.
Breakdown of Home Sale Times
3 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 Newfane are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Newfane; 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.
