$2,553 Closing Credit*
$215,000
1,526 SqFt
3 Beds
•1 Full Bath
Elizabeth Bauch, Listing Office: WNY Metro Roberts Realty
Is Cheektowaga, 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, Cheektowaga has remained a Seller's Market.
Key Takeaway
Cheektowaga is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cheektowaga, NY
How much do homes in Cheektowaga, NY cost?
Median Sold Price
$225,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$15,000(+7.1%)
Key Takeaway
Homes in Cheektowaga have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Cheektowaga was $225,000 in September 2024, up 7.1% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $181.2K | +6.6% |
| 2 Bedrooms | $175K | $196.5K | +12.3% |
| 3 Bedrooms | $210K | $225K | +7.1% |
| 4 Bedrooms | $216.2K | $234K | +8.2% |
| 5+ Bedrooms | $247K | $260K | +5.3% |
Summary: Cheektowaga housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
| West Seneca | $244.5K | $265K | +8.4% |
| Cheektowaga | $210K | $225K | +7.1% |
| Depew | $230.6K | $242K | +4.9% |
| Buffalo | $225K | $232.9K | +3.5% |
| Sloan | $172.5K | $174.9K | +1.4% |
Housing Supply in Cheektowaga, NY
How many homes are available in Cheektowaga, NY?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 369 | 305 | -17.3% |
Summary: The Cheektowaga real estate market had 305 homes for sale in September 2024, a 17.3% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 33 | 35 | +6.1% |
| 3 Bedrooms | 207 | 160 | -22.7% |
| 4 Bedrooms | 86 | 74 | -14.0% |
| 5+ Bedrooms | 42 | 35 | -16.7% |
Summary: The Cheektowaga housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 22.7%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 108 | 88 | -18.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
73 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cheektowaga, you could pay more than the asking price. 83% of homes here sold above asking price last month.
Summary: A total of 88 homes were sold or pending in Cheektowaga in September 2024, down by 18.5% month-over-month. Of the 88 sold homes, 16% were sold under asking, 1% were sold at asking, and 83% were sold over asking.
Days on Market for Cheektowaga, NY
How long does it take to sell a home in Cheektowaga, NY?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 9 Days | 14 Days | +47.5% |
Summary: Homes in Cheektowaga had an average of 14 days on market in Sep 2024, up by 47.5% compared to last year.
Breakdown of Home Sale Times
83 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cheektowaga are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 88 homes were sold in Cheektowaga; 94% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
