$3,383 Closing Credit*
$284,900
1,606 SqFt
4 Beds
•1 Full Bath, 1 Partial
Cara Prokop, Listing Office: Howard Hanna WNY Inc.
Is Wheatfield, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Wheatfield has remained a Seller's Market.
Key Takeaway
Wheatfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wheatfield, NY
How much do homes in Wheatfield, NY cost?
Median Sold Price
$390,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$53,500(+15.9%)
Key Takeaway
Homes in Wheatfield have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in Wheatfield was $390,000 in December 2024, up 15.9% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $340K | $289.5K | -14.8% |
| 3 Bedrooms | $302K | $360K | +19.2% |
| 4 Bedrooms | $440K | $480K | +9.1% |
| 5+ Bedrooms | $190K | $450K | +136.8% |
Summary: Wheatfield 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 14.8%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 136.8%.
Median Sold Price Compared To Nearby Cities
| Pendleton | $307K | $410K | +33.6% |
| Wheatfield | $336.5K | $390K | +15.9% |
| North Tonawanda | $228K | $255K | +11.8% |
| Cambria | $295K | $280K | -5.1% |
| Sanborn | $300K | $273.2K | -8.9% |
Housing Supply in Wheatfield, NY
How many homes are available in Wheatfield, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 49 | 38 | -22.4% |
Summary: The Wheatfield real estate market had 38 homes for sale in December 2024, a 22.4% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 25 | 19 | -24.0% |
| 4 Bedrooms | 14 | 10 | -28.6% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Wheatfield 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 remained the same, 3 bedroom homes decreased by 24%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 11 | 17 | +54.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wheatfield, you could pay more than the asking price. 70.6% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Wheatfield in December 2024, up by 54.5% month-over-month. Of the 17 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Wheatfield, NY
How long does it take to sell a home in Wheatfield, NY?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 10 Days | 14 Days | +35.6% |
Summary: Homes in Wheatfield had an average of 14 days on market in Dec 2024, up by 35.6% compared to last year.
Breakdown of Home Sale Times
14 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 Wheatfield are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 17 homes were sold in Wheatfield; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
