$2,375 Closing Credit*
$199,999
1,680 SqFt
5 Beds
•2 Full Baths, 1 Partial
Joshua McDougall, Listing Office: HUNT Real Estate Corporation
Is Niagara Falls, 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 Falls has remained a Seller's Market.
Key Takeaway
Niagara Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Niagara Falls, NY
How much do homes in Niagara Falls, NY cost?
Median Sold Price
$152,730
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,851(+10.8%)
Key Takeaway
Homes in Niagara Falls have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Niagara Falls was $152,730 in November 2024, up 10.8% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $143.2K | $119K | -16.9% |
| 2 Bedrooms | $99K | $120K | +21.2% |
| 3 Bedrooms | $145.3K | $161.8K | +11.4% |
| 4 Bedrooms | $141K | $141.2K | 0.2% |
| 5+ Bedrooms | $120K | $165K | +37.5% |
Summary: Niagara Falls housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.9%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 37.5%.
Median Sold Price Compared To Nearby Cities
| Wheatfield | $331.4K | $390K | +17.7% |
| Niagara | $190K | $215K | +13.2% |
| Grand Island | $332.7K | $372K | +11.8% |
| Niagara Falls | $137.8K | $152.7K | +10.8% |
Housing Supply in Niagara Falls, NY
How many homes are available in Niagara Falls, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 332 | 277 | -16.6% |
Summary: The Niagara Falls real estate market had 277 homes for sale in November 2024, a 16.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 47 | 43 | -8.5% |
| 3 Bedrooms | 160 | 124 | -22.5% |
| 4 Bedrooms | 79 | 63 | -20.3% |
| 5+ Bedrooms | 41 | 42 | +2.4% |
Summary: The Niagara Falls 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 8.5%, 3 bedroom homes decreased by 22.5%, 4 bedroom homes decreased by 20.3%, and 5+ bedroom homes increased by 2.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 55 | -12.7% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Niagara Falls, you may be able to get a good deal. 52.7% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Niagara Falls in November 2024, down by 12.7% month-over-month. Of the 55 sold homes, 53% were sold under asking, 7% were sold at asking, and 40% were sold over asking.
Days on Market for Niagara Falls, NY
How long does it take to sell a home in Niagara Falls, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 22 Days | +6.4% |
Summary: Homes in Niagara Falls had an average of 22 days on market in Nov 2024, up by 6.4% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Niagara Falls are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 55 homes were sold in Niagara Falls; 71% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
