$1,305 Closing Credit*
$109,900
1,465 SqFt
3 Beds
•1 Full Bath
Ciji L VanDyke, Listing Office: RE/MAX On Point
Is Salamanca, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Salamanca was a Buyer's 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
$100,950
$69/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$20,950(+26.2%)
Key Takeaway
Homes in Salamanca have sold for 26.2% more than they did a year ago.
Summary: The median home sold price in Salamanca was $100,950 in December 2024, up 26.2% from last year, and the median price per square foot was $69.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $75K | $99K | +32.0% |
| 3 Bedrooms | $66.2K | $95K | +43.5% |
| 4 Bedrooms | $97.9K | $120.2K | +22.8% |
| 5+ Bedrooms | $108K | $437.5K | +305.1% |
Summary: Salamanca 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 32%, 3 bedroom homes increased by 43.5%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes increased by 305.1%.
Median Sold Price Compared To Nearby Cities
| Salamanca | $80K | $100.9K | +26.2% |
| Great Valley | $250K | $228.5K | -8.6% |
Housing Supply in Salamanca, NY
How many homes are available in Salamanca, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Summary: The Salamanca real estate market had 16 homes for sale in December 2024, a 11.1% 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 | 1 | -50.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Salamanca 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 decreased by 50%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
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 Salamanca, 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 Salamanca in December 2024, down by 25.0% 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 Salamanca, NY
How long does it take to sell a home in Salamanca, NY?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 10 Days | 34 Days | +243.3% |
Summary: Homes in Salamanca had an average of 34 days on market in Dec 2024, up by 243.3% 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 Salamanca has remained consistent over time.
Summary: During December 2024, 3 homes were sold in Salamanca; 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.
