$165,000
3.28 Acres
Land
RonaldGunner Tronolone, Listing Office: HUNT Commercial Real Estate Corp. of Buffalo New York
Is Niagara County, 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, Niagara County has remained a Seller's Market.
Key Takeaway
Niagara County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Niagara County, NY
How much do homes in Niagara County, NY cost?
Median Sold Price
$205,547
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,813(+5.6%)
Key Takeaway
Homes in Niagara County have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Niagara County was $205,547 in November 2024, up 5.6% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $129.5K | -4.1% |
| 2 Bedrooms | $144.7K | $165K | +14.0% |
| 3 Bedrooms | $197.7K | $215K | +8.7% |
| 4 Bedrooms | $230K | $229.5K | -0.2% |
| 5+ Bedrooms | $182K | $205K | +12.6% |
Summary: Niagara County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.1%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 12.6%.
Median Sold Price Compared To Nearby Counties
| Genesee County | $179.2K | $190K | +6.0% |
| Niagara County | $194.7K | $205.5K | +5.6% |
| Erie County | $250K | $260K | +4.0% |
| Orleans County | $160.1K | $166K | +3.6% |
Housing Supply in Niagara County, NY
How many homes are available in Niagara County, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 878 | 675 | -23.1% |
Summary: The Niagara County real estate market had 675 homes for sale in November 2024, a 23.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 6 | -25.0% |
| 2 Bedrooms | 127 | 101 | -20.5% |
| 3 Bedrooms | 415 | 306 | -26.3% |
| 4 Bedrooms | 233 | 171 | -26.6% |
| 5+ Bedrooms | 95 | 91 | -4.2% |
Summary: The Niagara County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 20.5%, 3 bedroom homes decreased by 26.3%, 4 bedroom homes decreased by 26.6%, and 5+ bedroom homes decreased by 4.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 198 | 141 | -28.8% |
Asking Price vs. Sold Price
62 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
71 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Niagara County, you could pay more than the asking price. 50.4% of homes here sold above asking price last month.
Summary: A total of 141 homes were sold or pending in Niagara County in November 2024, down by 28.8% month-over-month. Of the 141 sold homes, 44% were sold under asking, 6% were sold at asking, and 50% were sold over asking.
Days on Market for Niagara County, NY
How long does it take to sell a home in Niagara County, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 25 Days | +20.4% |
Summary: Homes in Niagara County had an average of 25 days on market in Nov 2024, up by 20.4% compared to last year.
Breakdown of Home Sale Times
100 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Niagara County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 141 homes were sold in Niagara County; 71% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
