Is Salamanca, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Salamanca was a Neutral Market.
Housing Prices in Salamanca, NY
How much do homes in Salamanca, NY cost?
Median Sold Price
$92,500
$51/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Salamanca was $92,500 in April 2024, up 2.8% from last year, and the median price per square foot was $51.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $87.5K | $75K | -14.3% |
3 Bedrooms | $81K | $87.2K | +7.7% |
4 Bedrooms | $96K | $99.9K | +4.1% |
5+ Bedrooms | $94K | $126K | +34.0% |
Summary: Salamanca housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 34%.
Median Sold Price Compared To Nearby Cities
Salamanca | $90K | $92.5K | +2.8% |
Great Valley | $252K | $230K | -8.7% |
Housing Supply in Salamanca, NY
How many homes are available in Salamanca, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 12 | -40.0% |
Summary: The Salamanca real estate market had 12 homes for sale in April 2024, a 40.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 7 | 4 | -42.9% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Salamanca housing inventory by bedroom type for April 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 42.9%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Salamanca in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Salamanca, NY
How long does it take to sell a home in Salamanca, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
95 Days | 129 Days | +36.1% |
Summary: Homes in Salamanca had an average of 129 days on market in Apr 2024, up by 36.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Salamanca; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.