Is Allegany County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Allegany County has remained a Buyer's Market.
Key Takeaway
Allegany County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Allegany County, NY
How much do homes in Allegany County, NY cost?
Median Sold Price
$123,450
$85/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Allegany County have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Allegany County was $123,450 in March 2024, up 7.3% from last year, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $74.9K | $73.4K | -2.0% |
| 2 Bedrooms | $84K | $100.7K | +19.9% |
| 3 Bedrooms | $119K | $125K | +5.0% |
| 4 Bedrooms | $140K | $150K | +7.1% |
| 5+ Bedrooms | $172.4K | $170K | -1.4% |
Summary: Allegany County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 19.9%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Counties
| Wyoming County | $150.6K | $165K | +9.5% |
| Allegany County | $115K | $123.4K | +7.3% |
| Livingston County | $191.5K | $205K | +7.0% |
| Steuben County | $146K | $150K | +2.7% |
| Cattaraugus County | $143.7K | $145.7K | +1.4% |
Housing Supply in Allegany County, NY
How many homes are available in Allegany County, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 138 | 137 | -0.7% |
Summary: The Allegany County real estate market had 137 homes for sale in March 2024, a 0.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 32 | 31 | -3.1% |
| 3 Bedrooms | 51 | 50 | -2.0% |
| 4 Bedrooms | 33 | 30 | -9.1% |
| 5+ Bedrooms | 17 | 22 | +29.4% |
Summary: The Allegany County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 29.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Allegany County, you may be able to get a good deal. 68.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Allegany County in March 2024, up by 18.8% month-over-month. Of the 19 sold homes, 68% were sold under asking, 21% were sold at asking, and 11% were sold over asking.
Days on Market for Allegany County, NY
How long does it take to sell a home in Allegany County, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 99 Days | 49 Days | -50.4% |
Summary: Homes in Allegany County had an average of 49 days on market in Mar 2024, down by 50.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Allegany County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 19 homes were sold in Allegany County; 47% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
IDX Disclaimer/Disclosure: The data on this website relating to real estate for sale comes in part from the IDX Program of the Multiple Listing Service of the Elmira-Corning Regional Association of REALTORS®, Inc. 
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.