Is East Amherst, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, East Amherst was a Seller's Market.
Key Takeaway
East Amherst is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Amherst, NY
How much do homes in East Amherst, NY cost?
Median Sold Price
$445,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Amherst have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in East Amherst was $445,000 in May 2024, up 4.4% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $184K | +15.0% |
| 2 Bedrooms | $195.7K | $258K | +31.8% |
| 3 Bedrooms | $358.5K | $352.5K | -1.7% |
| 4 Bedrooms | $495K | $500K | +1.0% |
| 5+ Bedrooms | $587.5K | $675K | +14.9% |
Summary: East Amherst housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15%, 2 bedroom homes increased by 31.8%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Cities
| Pendleton | $300.5K | $375K | +24.8% |
| Clarence Center | $496.2K | $535K | +7.8% |
| Amherst | $307.2K | $330.5K | +7.6% |
| East Amherst | $426.2K | $445K | +4.4% |
| Clarence | $485.9K | $490K | +0.8% |
Housing Supply in East Amherst, NY
How many homes are available in East Amherst, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 | 66 | +15.8% |
Summary: The East Amherst real estate market had 66 homes for sale in May 2024, a 15.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 18 | 25 | +38.9% |
| 4 Bedrooms | 21 | 26 | +23.8% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The East Amherst housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 38.9%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Amherst, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in East Amherst in May 2024, down by 18.2% month-over-month. Of the 9 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for East Amherst, NY
How long does it take to sell a home in East Amherst, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 21 Days | -37.3% |
Summary: Homes in East Amherst had an average of 21 days on market in May 2024, down by 37.3% compared to last year.
Breakdown of Home Sale Times
8 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 East Amherst are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in East Amherst; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
