Is Bemus Point, 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, Bemus Point has remained a Seller's Market.
Key Takeaway
Bemus Point is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bemus Point, NY
How much do homes in Bemus Point, NY cost?
Median Sold Price
$335,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bemus Point have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Bemus Point was $335,000 in March 2024, down 5.6% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105.7K | $120K | +13.5% |
| 2 Bedrooms | $177.5K | $238K | +34.1% |
| 3 Bedrooms | $253.2K | $327.4K | +29.3% |
| 4 Bedrooms | $408.5K | $451.9K | +10.6% |
| 5+ Bedrooms | $875K | $1.3M | +55.4% |
Summary: Bemus Point housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 34.1%, 3 bedroom homes increased by 29.3%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 55.4%.
Median Sold Price Compared To Nearby Cities
| Ellery | $320K | $337.6K | +5.5% |
| Bemus Point | $355K | $335K | -5.6% |
Housing Supply in Bemus Point, NY
How many homes are available in Bemus Point, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Summary: The Bemus Point real estate market had 16 homes for sale in March 2024, a 23.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 4 | +300.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Bemus Point housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 300%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bemus Point, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Bemus Point in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Bemus Point, NY
How long does it take to sell a home in Bemus Point, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 28 Days | -27.8% |
Summary: Homes in Bemus Point had an average of 28 days on market in Mar 2024, down by 27.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bemus Point are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Bemus Point; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
