$2,553 Closing Credit*
$215,000
952 SqFt
2 Beds
•2 Full Baths
Alexander Ackley, Listing Office: Keller Williams Realty WNY
Is Niagara Falls, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$152,333
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$14,698(+10.7%)
Key Takeaway
Homes in Niagara Falls have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Niagara Falls was $152,333 in December 2024, up 10.7% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $120K | -14.3% |
| 2 Bedrooms | $101.5K | $115K | +13.3% |
| 3 Bedrooms | $146.1K | $164.5K | +12.6% |
| 4 Bedrooms | $136K | $143K | +5.1% |
| 5+ Bedrooms | $120K | $165K | +37.5% |
Summary: Niagara Falls housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 37.5%.
Median Sold Price Compared To Nearby Cities
| Wheatfield | $336.5K | $390K | +15.9% |
| Niagara | $190K | $217.7K | +14.6% |
| Niagara Falls | $137.6K | $152.3K | +10.7% |
| Grand Island | $337.5K | $372K | +10.2% |
Housing Supply in Niagara Falls, NY
How many homes are available in Niagara Falls, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 316 | 262 | -17.1% |
Summary: The Niagara Falls real estate market had 262 homes for sale in December 2024, a 17.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 1 | -80.0% |
| 2 Bedrooms | 53 | 35 | -34.0% |
| 3 Bedrooms | 145 | 130 | -10.3% |
| 4 Bedrooms | 65 | 52 | -20.0% |
| 5+ Bedrooms | 48 | 44 | -8.3% |
Summary: The Niagara Falls housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 80%, 2 bedroom homes decreased by 34%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 66 | 58 | -12.1% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
23 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. 51.7% of homes here sold below asking price last month.
Summary: A total of 58 homes were sold or pending in Niagara Falls in December 2024, down by 12.1% month-over-month. Of the 58 sold homes, 52% were sold under asking, 9% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 19 Days | 25 Days | +32.3% |
Summary: Homes in Niagara Falls had an average of 25 days on market in Dec 2024, up by 32.3% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 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 December 2024, 58 homes were sold in Niagara Falls; 78% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
