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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Depew is a seller's market

Buyer's
Market

Difference Since January 2022

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

Key Takeaway

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

How much do homes in Depew, NY cost?

Median Sold Price

$207,888

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$17,888(+9.4%)

Key Takeaway

Homes in Depew have sold for 9.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 --
N/A
2 $164K$189K
+15.2%
3 $187.5K$210K
+12.0%
4 $200K$215K
+7.5%
5+ $250K-
N/A

Median Sold Price Compared To Nearby Cities

Lancaster
+13.0%
Depew
+9.4%
Cheektowaga
+8.1%

How many homes are available in Depew, NY?

Number of Homes For Sale

Dec 2022Jan 2023%
4029-27.5%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 44
0.0%
3 3022
-26.7%
4 52
-60.0%
5+ 11
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
158-46.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Depew, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
17 Days25 Days+43.2%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Depew, NY

Depew, NY has 29 homes for sale to choose from. The number of homes for sale in Depew, NY decreased by 27.5% between December 2022 and January 2023. While the average time on the market in January 2023 was 25 days, the median list price was $207,888. Between December 2022 and January 2023, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 15.2%, prices of 3 bedrooms properties went up by 12%, 4 bedrooms properties prices increased by 7.5%, 5 bedrooms properties became 0% more expensive. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes went down by 26.7%, 4 bedrooms homes became 60% less available, number of 5 bedrooms homes remained the same. While more than 4 listings in Depew, NY in January 2023 were sold above asking price, there were more than 0 listings sold at asking price, and more than 4 were sold below.

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