$155,000
0.80 Acres
Land
Gina R DuBois, Listing Office: WNY Metro Roberts Realty
Is Pendleton, 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, Pendleton has remained a Seller's Market.
Key Takeaway
Pendleton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pendleton, NY
How much do homes in Pendleton, NY cost?
Median Sold Price
$410,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$112,500(+37.8%)
Key Takeaway
Homes in Pendleton have sold for 37.8% more than they did a year ago.
Summary: The median home sold price in Pendleton was $410,000 in November 2024, up 37.8% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $260.9K | $330K | +26.5% |
| 3 Bedrooms | $286.5K | $375K | +30.9% |
| 4 Bedrooms | $413.5K | $521.2K | +26.1% |
| 5+ Bedrooms | $295K | $582.3K | +97.4% |
Summary: Pendleton 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 26.5%, 3 bedroom homes increased by 30.9%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes increased by 97.4%.
Median Sold Price Compared To Nearby Cities
| Pendleton | $297.5K | $410K | +37.8% |
| Wheatfield | $331.4K | $390K | +17.7% |
| Amherst | $332.6K | $332K | -0.2% |
| Cambria | $290K | $285K | -1.7% |
| East Amherst | $457.5K | $431K | -5.8% |
Housing Supply in Pendleton, NY
How many homes are available in Pendleton, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 16 | -38.5% |
Summary: The Pendleton real estate market had 16 homes for sale in November 2024, a 38.5% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 13 | 5 | -61.5% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Pendleton 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 increased by 100%, 3 bedroom homes decreased by 61.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pendleton, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Pendleton in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Pendleton, NY
How long does it take to sell a home in Pendleton, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 28 Days | +142.9% |
Summary: Homes in Pendleton had an average of 28 days on market in Nov 2024, up by 142.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pendleton has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Pendleton; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
