Is Clarence, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clarence is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Clarence has remained a Seller's Market.

Key Takeaway

Clarence is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Clarence, NY

How much do homes in Clarence, NY cost?

Median Sold Price

$520,000

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$38,050(+7.9%)

Key Takeaway

Homes in Clarence have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Clarence was $520,000 in November 2024, up 7.9% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $210K-
N/A
2 $391.5K$440K
+12.4%
3 $339.9K$400K
+17.7%
4 $610K$600.4K
-1.6%
5+ $754.8K$749.9K
-0.6%

Summary: Clarence housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 17.7%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 0.6%.

Median Sold Price Compared To Nearby Cities

Newstead
+21.7%
Clarence
+7.9%
Clarence Center
+5.7%
East Amherst
-5.8%
Royalton
-7.8%

Housing Supply in Clarence, NY

How many homes are available in Clarence, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
13287-34.1%

Summary: The Clarence real estate market had 87 homes for sale in November 2024, a 34.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 139
-30.8%
3 4928
-42.9%
4 5335
-34.0%
5+ 1613
-18.8%

Summary: The Clarence housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 30.8%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 34%, and 5+ bedroom homes decreased by 18.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3321-36.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clarence, you could pay more than the asking price. 61.9% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in Clarence in November 2024, down by 36.4% month-over-month. Of the 21 sold homes, 33% were sold under asking, 5% were sold at asking, and 62% were sold over asking.

Days on Market for Clarence, NY

How long does it take to sell a home in Clarence, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days22 Days+10.8%

Summary: Homes in Clarence had an average of 22 days on market in Nov 2024, up by 10.8% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Clarence are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 21 homes were sold in Clarence; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in Clarence, NY

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