$6,500
0.20 Acres
Land
Ahmad F Yousufzai, Listing Office: Howard Hanna WNY Inc
Is Niagara, 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, Niagara was a Seller's Market.
Key Takeaway
Niagara is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Niagara, NY
How much do homes in Niagara, NY cost?
Median Sold Price
$215,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+13.2%)
Key Takeaway
Homes in Niagara have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Niagara was $215,000 in November 2024, up 13.2% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $130.7K | $160K | +22.4% |
| 3 Bedrooms | $190K | $220.2K | +15.9% |
| 4 Bedrooms | $190K | $210K | +10.5% |
| 5+ Bedrooms | $310K | $297.5K | -4.0% |
Summary: Niagara 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 22.4%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
| Wheatfield | $331.4K | $390K | +17.7% |
| Niagara | $190K | $215K | +13.2% |
| Niagara Falls | $137.8K | $152.7K | +10.8% |
| Sanborn | $295K | $273.2K | -7.4% |
Housing Supply in Niagara, NY
How many homes are available in Niagara, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 13 | -48.0% |
Summary: The Niagara real estate market had 13 homes for sale in November 2024, a 48.0% 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 | 7 | 6 | -14.3% |
| 3 Bedrooms | 15 | 4 | -73.3% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Niagara 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 14.3%, 3 bedroom homes decreased by 73.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 2 | -77.8% |
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 Niagara, 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 Niagara in November 2024, down by 77.8% 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 Niagara, NY
How long does it take to sell a home in Niagara, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 25 Days | -17.1% |
Summary: Homes in Niagara had an average of 25 days on market in Nov 2024, down by 17.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was 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 November 2024, 2 homes were sold in Niagara; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
