$2,197 Closing Credit*
$185,000
1,960 SqFt
4 Beds
•1 Full Bath, 1 Partial
Joseph M Eysaman, Listing Office: Holiday Valley Realty Co, Inc
Is Salamanca, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Salamanca was a Neutral Market.
Key Takeaway
Salamanca is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Salamanca, NY
How much do homes in Salamanca, NY cost?
Median Sold Price
$95,000
$61/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+11.8%)
Key Takeaway
Homes in Salamanca have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Salamanca was $95,000 in November 2024, up 11.8% from last year, and the median price per square foot was $61.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $80K | $99K | +23.8% |
| 3 Bedrooms | $76.5K | $95K | +24.2% |
| 4 Bedrooms | $85.5K | $138.5K | +62.0% |
| 5+ Bedrooms | $126K | $125K | -0.8% |
Summary: Salamanca 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 23.8%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 62%, and 5+ bedroom homes decreased by 0.8%.
Housing Supply in Salamanca, NY
How many homes are available in Salamanca, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Summary: The Salamanca real estate market had 16 homes for sale in November 2024, a 11.1% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Salamanca 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 remained the same, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Salamanca, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Salamanca in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Salamanca, NY
How long does it take to sell a home in Salamanca, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 84 Days | 23 Days | -72.6% |
Summary: Homes in Salamanca had an average of 23 days on market in Nov 2024, down by 72.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Salamanca are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Salamanca; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
