Is Cattaraugus 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, Cattaraugus County has remained a Seller's Market.
Key Takeaway
Cattaraugus County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cattaraugus County, NY
How much do homes in Cattaraugus County, NY cost?
Median Sold Price
$145,789
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cattaraugus County have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Cattaraugus County was $145,789 in March 2024, up 1.4% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $125K | +13.6% |
| 2 Bedrooms | $106K | $110K | +3.8% |
| 3 Bedrooms | $139.9K | $145K | +3.6% |
| 4 Bedrooms | $175K | $159.9K | -8.6% |
| 5+ Bedrooms | $250K | $192.5K | -23.0% |
Summary: Cattaraugus County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 23%.
Median Sold Price Compared To Nearby Counties
| Wyoming County | $150.6K | $165K | +9.5% |
| Allegany County | $115K | $123.4K | +7.3% |
| Erie County | $244.6K | $250K | +2.2% |
| Cattaraugus County | $143.7K | $145.7K | +1.4% |
| Chautauqua County | $147.6K | $139.9K | -5.2% |
Housing Supply in Cattaraugus County, NY
How many homes are available in Cattaraugus County, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 246 | 238 | -3.3% |
Summary: The Cattaraugus County real estate market had 238 homes for sale in March 2024, a 3.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 18 | -10.0% |
| 2 Bedrooms | 33 | 38 | +15.2% |
| 3 Bedrooms | 90 | 87 | -3.3% |
| 4 Bedrooms | 58 | 53 | -8.6% |
| 5+ Bedrooms | 45 | 42 | -6.7% |
Summary: The Cattaraugus County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 15.2%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 42 | +35.5% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cattaraugus County, you may be able to get a good deal. 73.8% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in Cattaraugus County in March 2024, up by 35.5% month-over-month. Of the 42 sold homes, 74% were sold under asking, 7% were sold at asking, and 19% were sold over asking.
Days on Market for Cattaraugus County, NY
How long does it take to sell a home in Cattaraugus County, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 51 Days | +33.3% |
Summary: Homes in Cattaraugus County had an average of 51 days on market in Mar 2024, up by 33.3% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cattaraugus County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 42 homes were sold in Cattaraugus County; 50% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
