Is Depew, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | Jan 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $164K | $189K | +15.2% |
| 3 Bedrooms | $187.5K | $210K | +12.0% |
| 4 Bedrooms | $200K | $215K | +7.5% |
| 5+ Bedrooms | $250K | - | N/A |
Median Sold Price Compared To Nearby Cities
| Lancaster | $190K | $214.7K | +13.0% |
| Depew | $190K | $207.8K | +9.4% |
| Cheektowaga | $185K | $200K | +8.1% |
How many homes are available in Depew, NY?
Number of Homes For Sale
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 40 | 29 | -27.5% |
Homes For Sale By Bedroom Count
| # BEDS | Dec 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 30 | 22 | -26.7% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Number of Homes Sold
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 15 | 8 | -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
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 2022 | Jan 2023 | % |
|---|---|---|
| 17 Days | 25 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
Key Takeaway
Many homes in Depew are selling fast, if you're buying plan to act quickly.
