$2,850 Closing Credit*
$240,000
1,801 SqFt
3 Beds
•3 Full Baths
Joseph A Trifilo, Listing Office: HUNT Real Estate Corporation
Is Tonawanda, 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, Tonawanda has remained a Seller's Market.
Key Takeaway
Tonawanda is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tonawanda, NY
How much do homes in Tonawanda, NY cost?
Median Sold Price
$237,766
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,693(+4.7%)
Key Takeaway
Homes in Tonawanda have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Tonawanda was $237,766 in November 2024, up 4.7% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $102K | N/A |
| 2 Bedrooms | $188K | $205K | +9.0% |
| 3 Bedrooms | $227.9K | $240K | +5.3% |
| 4 Bedrooms | $250K | $249.9K | 0% |
| 5+ Bedrooms | $257.5K | $280K | +8.7% |
Summary: Tonawanda 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 9%, 3 bedroom homes increased by 5.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Cities
| Grand Island | $332.7K | $372K | +11.8% |
| North Tonawanda | $230K | $245K | +6.5% |
| Tonawanda | $227K | $237.7K | +4.7% |
Housing Supply in Tonawanda, NY
How many homes are available in Tonawanda, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 165 | 107 | -35.2% |
Summary: The Tonawanda real estate market had 107 homes for sale in November 2024, a 35.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 17 | 13 | -23.5% |
| 3 Bedrooms | 104 | 62 | -40.4% |
| 4 Bedrooms | 33 | 27 | -18.2% |
| 5+ Bedrooms | 9 | 5 | -44.4% |
Summary: The Tonawanda housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 23.5%, 3 bedroom homes decreased by 40.4%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 44.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 26 | -44.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tonawanda, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Tonawanda in November 2024, down by 44.7% month-over-month. Of the 26 sold homes, 19% were sold under asking, 4% were sold at asking, and 77% were sold over asking.
Days on Market for Tonawanda, NY
How long does it take to sell a home in Tonawanda, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 13 Days | +13.0% |
Summary: Homes in Tonawanda had an average of 13 days on market in Nov 2024, up by 13% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Tonawanda are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 26 homes were sold in Tonawanda; 96% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
