$0 Closing Credit*
$1
1,771 SqFt
4 Beds
•1 Full Bath
Benjamin Schultz, Listing Office: Schultz Realty
Is West Seneca, 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, West Seneca has remained a Seller's Market.
Key Takeaway
West Seneca is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Seneca, NY
How much do homes in West Seneca, NY cost?
Median Sold Price
$269,999
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,999(+8.0%)
Key Takeaway
Homes in West Seneca have sold for 8% more than they did a year ago.
Summary: The median home sold price in West Seneca was $269,999 in October 2024, up 8% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $95K | N/A |
| 2 Bedrooms | $174K | $188.7K | +8.5% |
| 3 Bedrooms | $250K | $280K | +12.0% |
| 4 Bedrooms | $286K | $280K | -2.1% |
| 5+ Bedrooms | $280K | $314.5K | +12.3% |
Summary: West Seneca 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 8.5%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
| West Seneca | $250K | $269.9K | +8.0% |
| Lackawanna | $179.9K | $193.5K | +7.5% |
| Cheektowaga | $211.8K | $225K | +6.2% |
| Elma | $353.1K | $375K | +6.2% |
| Buffalo | $226.4K | $234.9K | +3.8% |
Housing Supply in West Seneca, NY
How many homes are available in West Seneca, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 153 | 132 | -13.7% |
Summary: The West Seneca real estate market had 132 homes for sale in October 2024, a 13.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 28 | 23 | -17.9% |
| 3 Bedrooms | 71 | 64 | -9.9% |
| 4 Bedrooms | 42 | 37 | -11.9% |
| 5+ Bedrooms | 12 | 8 | -33.3% |
Summary: The West Seneca 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 decreased by 17.9%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 32 | -13.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Seneca, you could pay more than the asking price. 78.1% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in West Seneca in October 2024, down by 13.5% month-over-month. Of the 32 sold homes, 22% were sold under asking, 0% were sold at asking, and 78% were sold over asking.
Days on Market for West Seneca, NY
How long does it take to sell a home in West Seneca, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 10 Days | -31.9% |
Summary: Homes in West Seneca had an average of 10 days on market in Oct 2024, down by 31.9% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Seneca are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 32 homes were sold in West Seneca; 97% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
