$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 December 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
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$103,000(+33.6%)
Key Takeaway
Homes in Pendleton have sold for 33.6% more than they did a year ago.
Summary: The median home sold price in Pendleton was $410,000 in December 2024, up 33.6% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $232K | $309K | +33.2% |
| 3 Bedrooms | $290K | $365K | +25.9% |
| 4 Bedrooms | $413.5K | $540.7K | +30.8% |
| 5+ Bedrooms | $340K | $739.7K | +117.6% |
Summary: Pendleton housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.2%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 117.6%.
Median Sold Price Compared To Nearby Cities
| Pendleton | $307K | $410K | +33.6% |
| Wheatfield | $336.5K | $390K | +15.9% |
| East Amherst | $450K | $449.9K | 0% |
| Amherst | $335.8K | $334.9K | -0.3% |
| Cambria | $295K | $280K | -5.1% |
Housing Supply in Pendleton, NY
How many homes are available in Pendleton, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 20 | 14 | -30.0% |
Summary: The Pendleton real estate market had 14 homes for sale in December 2024, a 30.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 7 | 3 | -57.1% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Pendleton housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 57.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pendleton, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Pendleton in December 2024, up by 166.7% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 3 Days | 28 Days | +673.9% |
Summary: Homes in Pendleton had an average of 28 days on market in Dec 2024, up by 673.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pendleton are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 8 homes were sold in Pendleton; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
