Is Chautauqua, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Chautauqua has remained a Buyer's Market.
Key Takeaway
Chautauqua is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chautauqua, NY
How much do homes in Chautauqua, NY cost?
Median Sold Price
$324,252
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Chautauqua have sold for 32.4% more than they did a year ago.
Summary: The median home sold price in Chautauqua was $324,252 in April 2024, up 32.4% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $174.2K | $177.5K | +1.9% |
| 2 Bedrooms | $235K | $296.7K | +26.3% |
| 3 Bedrooms | $289K | $320.8K | +11.0% |
| 4 Bedrooms | $524.4K | $482.5K | -8.0% |
| 5+ Bedrooms | $567.5K | $830K | +46.3% |
Summary: Chautauqua housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 11%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 46.3%.
Median Sold Price Compared To Nearby Cities
| Chautauqua | $244.9K | $324.2K | +32.4% |
| Ellery | $317.5K | $349.9K | +10.2% |
| Mayville | $234.5K | $210K | -10.4% |
Housing Supply in Chautauqua, NY
How many homes are available in Chautauqua, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 32 | +52.4% |
Summary: The Chautauqua real estate market had 32 homes for sale in April 2024, a 52.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 6 | 12 | +100.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Chautauqua housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Chautauqua, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Chautauqua in April 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Chautauqua, NY
How long does it take to sell a home in Chautauqua, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 2 Days | 67 Days | +3250.0% |
Summary: Homes in Chautauqua had an average of 67 days on market in Apr 2024, up by 3250% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chautauqua are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Chautauqua; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
