Is Sloan, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sloan is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Sloan has remained a Seller's Market.

Key Takeaway

Sloan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sloan, NY

How much do homes in Sloan, NY cost?

Median Sold Price

$174,950

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$50(0.0%)

Key Takeaway

The sold price of homes in Sloan has remained the same since last year.

Summary: The median home sold price in Sloan was $174,950 in December 2024, the same as last year, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $150K$145K
-3.3%
3 $175K$174.9K
0%
4 $163.5K$185K
+13.1%
5+ $165K$185K
+12.1%

Summary: Sloan 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 decreased by 3.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 12.1%.

Median Sold Price Compared To Nearby Cities

Cheektowaga
+6.9%
Sloan
0.0%

Housing Supply in Sloan, NY

How many homes are available in Sloan, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2212-45.5%

Summary: The Sloan real estate market had 12 homes for sale in December 2024, a 45.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 40
-100.0%
3 107
-30.0%
4 33
0.0%
5+ 52
-60.0%

Summary: The Sloan 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 100%, 3 bedroom homes decreased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 60%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
550.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sloan, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Sloan in December 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.

Days on Market for Sloan, NY

How long does it take to sell a home in Sloan, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
30 Days12 Days-59.5%

Summary: Homes in Sloan had an average of 12 days on market in Dec 2024, down by 59.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sloan are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 5 homes were sold in Sloan; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Sloan, NY

Nearby Markets to Sloan, NY

What housing markets are near Sloan, NY?