$2,363 Closing Credit*
$199,000
1,165 SqFt
3 Beds
•1 Full Bath
Aisha Barnes, Listing Office: Mootry Murphy & Burgin Realty Group LLC
Is Tonawanda, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$238,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,225(+4.5%)
Key Takeaway
Homes in Tonawanda have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Tonawanda was $238,000 in October 2024, up 4.5% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $102K | N/A |
| 2 Bedrooms | $185K | $200K | +8.1% |
| 3 Bedrooms | $229K | $240K | +4.8% |
| 4 Bedrooms | $250K | $245K | -2.0% |
| 5+ Bedrooms | $252.5K | $285K | +12.9% |
Summary: Tonawanda housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 12.9%.
Median Sold Price Compared To Nearby Cities
| Grand Island | $330.2K | $360K | +9.0% |
| North Tonawanda | $230K | $245.5K | +6.7% |
| Tonawanda | $227.7K | $238K | +4.5% |
Housing Supply in Tonawanda, NY
How many homes are available in Tonawanda, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 156 | 145 | -7.1% |
Summary: The Tonawanda real estate market had 145 homes for sale in October 2024, a 7.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 102 | 88 | -13.7% |
| 4 Bedrooms | 29 | 32 | +10.3% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Tonawanda housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 13.7%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 40 | +8.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tonawanda, you could pay more than the asking price. 72.5% of homes here sold above asking price last month.
Summary: A total of 40 homes were sold or pending in Tonawanda in October 2024, up by 8.1% month-over-month. Of the 40 sold homes, 18% were sold under asking, 10% were sold at asking, and 73% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 11 Days | -3.1% |
Summary: Homes in Tonawanda had an average of 11 days on market in Oct 2024, down by 3.1% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tonawanda are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 40 homes were sold in Tonawanda; 93% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
