$2,788 Closing Credit*
$234,800
1,430 SqFt
3 Beds
•1 Full Bath
Kimberly L Gilbert, Listing Office: First Capital Realty
Is Amherst, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Amherst has remained a Seller's Market.
Key Takeaway
Amherst is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Amherst, NY
How much do homes in Amherst, NY cost?
Median Sold Price
$334,958
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$9,958(+3.1%)
Key Takeaway
Homes in Amherst have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Amherst was $334,958 in September 2024, up 3.1% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132K | $150K | +13.6% |
| 2 Bedrooms | $200.1K | $220K | +9.9% |
| 3 Bedrooms | $309.4K | $319.5K | +3.2% |
| 4 Bedrooms | $422K | $431.5K | +2.3% |
| 5+ Bedrooms | $510K | $460K | -9.8% |
Summary: Amherst housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 9.8%.
Median Sold Price Compared To Nearby Cities
| North Tonawanda | $230K | $244.9K | +6.5% |
| Amherst | $325K | $334.9K | +3.1% |
| East Amherst | $450K | $433.6K | -3.6% |
| Williamsville | $333.3K | $317.7K | -4.7% |
| Getzville | $417K | $350K | -16.1% |
Housing Supply in Amherst, NY
How many homes are available in Amherst, NY?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 477 | 357 | -25.2% |
Summary: The Amherst real estate market had 357 homes for sale in September 2024, a 25.2% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 93 | 74 | -20.4% |
| 3 Bedrooms | 191 | 155 | -18.8% |
| 4 Bedrooms | 160 | 103 | -35.6% |
| 5+ Bedrooms | 29 | 20 | -31.0% |
Summary: The Amherst housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 20.4%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes decreased by 35.6%, and 5+ bedroom homes decreased by 31%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 153 | 88 | -42.5% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
52 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Amherst, you could pay more than the asking price. 59.1% of homes here sold above asking price last month.
Summary: A total of 88 homes were sold or pending in Amherst in September 2024, down by 42.5% month-over-month. Of the 88 sold homes, 34% were sold under asking, 7% were sold at asking, and 59% were sold over asking.
Days on Market for Amherst, NY
How long does it take to sell a home in Amherst, NY?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 14 Days | 20 Days | +44.1% |
Summary: Homes in Amherst had an average of 20 days on market in Sep 2024, up by 44.1% compared to last year.
Breakdown of Home Sale Times
77 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Amherst are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 88 homes were sold in Amherst; 88% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
