$2,969 Closing Credit*
$249,999
1,800 SqFt
5 Beds
•2 Full Baths
David Harris, Listing Office: Iconic Real Estate
Is Niagara, 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, Niagara has remained a Seller's Market.
Key Takeaway
Niagara is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Niagara, NY
How much do homes in Niagara, NY cost?
Median Sold Price
$215,500
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,500(+13.4%)
Key Takeaway
Homes in Niagara have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in Niagara was $215,500 in October 2024, up 13.4% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $130.7K | $149K | +14.0% |
| 3 Bedrooms | $185K | $232.5K | +25.7% |
| 4 Bedrooms | $210K | $215K | +2.4% |
| 5+ Bedrooms | $300K | $297.5K | -0.8% |
Summary: Niagara 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 14%, 3 bedroom homes increased by 25.7%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Wheatfield | $334K | $385K | +15.3% |
| Niagara | $190K | $215.5K | +13.4% |
| Niagara Falls | $137.2K | $152.6K | +11.2% |
| Sanborn | $300K | $280K | -6.7% |
Housing Supply in Niagara, NY
How many homes are available in Niagara, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Summary: The Niagara real estate market had 24 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 18 | 15 | -16.7% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Niagara 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 75%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Niagara, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Niagara in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Niagara, NY
How long does it take to sell a home in Niagara, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 14 Days | +11.0% |
Summary: Homes in Niagara had an average of 14 days on market in Oct 2024, up by 11% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Niagara are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Niagara; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
