$2,375 Closing Credit*
$200,000
1,344 SqFt
4 Beds
•2 Full Baths
Kilby Ruiz, 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 November 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
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$58,550(+17.7%)
Key Takeaway
Homes in Wheatfield have sold for 17.7% more than they did a year ago.
Summary: The median home sold price in Wheatfield was $390,000 in November 2024, up 17.7% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $383.2K | $289.5K | -24.4% |
| 3 Bedrooms | $302K | $361K | +19.5% |
| 4 Bedrooms | $450K | $475K | +5.6% |
| 5+ Bedrooms | $210K | $450K | +114.3% |
Summary: Wheatfield 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 decreased by 24.4%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 114.3%.
Median Sold Price Compared To Nearby Cities
| Pendleton | $297.5K | $410K | +37.8% |
| Wheatfield | $331.4K | $390K | +17.7% |
| North Tonawanda | $230K | $245K | +6.5% |
| Cambria | $290K | $285K | -1.7% |
| Sanborn | $295K | $273.2K | -7.4% |
Housing Supply in Wheatfield, NY
How many homes are available in Wheatfield, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 34 | -37.0% |
Summary: The Wheatfield real estate market had 34 homes for sale in November 2024, a 37.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 25 | 18 | -28.0% |
| 4 Bedrooms | 17 | 9 | -47.1% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Wheatfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 28%, 4 bedroom homes decreased by 47.1%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wheatfield, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Wheatfield in November 2024, down by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 18 Days | +27.4% |
Summary: Homes in Wheatfield had an average of 18 days on market in Nov 2024, up by 27.4% compared to last year.
Breakdown of Home Sale Times
5 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 November 2024, 8 homes were sold in Wheatfield; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
