Is Amherst, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Amherst has remained a Seller's Market.
Housing Prices in Amherst, NY
How much do homes in Amherst, NY cost?
Median Sold Price
$332,587
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Amherst was $332,587 in February 2024, up 10.8% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $138K | +10.4% |
2 Bedrooms | $195K | $215K | +10.3% |
3 Bedrooms | $281.8K | $313.5K | +11.3% |
4 Bedrooms | $410K | $430K | +4.9% |
5+ Bedrooms | $492.5K | $513.6K | +4.3% |
Summary: Amherst housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
Getzville | $319K | $390K | +22.3% |
Amherst | $300.1K | $332.5K | +10.8% |
Williamsville | $310K | $340K | +9.7% |
North Tonawanda | $213.2K | $232.6K | +9.1% |
Housing Supply in Amherst, NY
How many homes are available in Amherst, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
236 | 210 | -11.0% |
Summary: The Amherst real estate market had 210 homes for sale in February 2024, a 11.0% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 3 | +100.0% |
2 Bedrooms | 54 | 52 | -3.7% |
3 Bedrooms | 99 | 89 | -10.1% |
4 Bedrooms | 58 | 48 | -17.2% |
5+ Bedrooms | 25 | 18 | -28.0% |
Summary: The Amherst housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes decreased by 28%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
76 | 45 | -40.8% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in Amherst in February 2024, down by 40.8% month-over-month. Of the 45 sold homes, 47% were sold under asking, 7% were sold at asking, and 47% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
26 Days | 38 Days | +41.9% |
Summary: Homes in Amherst had an average of 38 days on market in Feb 2024, up by 41.9% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 45 homes were sold in Amherst; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.