Is East Amherst, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Amherst is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in East Amherst, NY

How much do homes in East Amherst, NY cost?

Median Sold Price

$449,900

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$100(0%)

Key Takeaway

The sold price of homes in East Amherst has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $210K$170K
-19.0%
2 $258K$231K
-10.4%
3 $340K$394K
+15.9%
4 $500K$547.5K
+9.5%
5+ $672.5K$637.5K
-5.2%

Summary: East Amherst housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19%, 2 bedroom homes decreased by 10.4%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 5.2%.

Median Sold Price Compared To Nearby Cities

Pendleton
+33.6%
Clarence
+5.1%
Clarence Center
+3.6%
East Amherst
0%
Amherst
-0.3%

Housing Supply in East Amherst, NY

How many homes are available in East Amherst, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6255-11.3%

Summary: The East Amherst real estate market had 55 homes for sale in December 2024, a 11.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 68
+33.3%
3 2215
-31.8%
4 2726
-3.7%
5+ 76
-14.3%

Summary: The East Amherst housing inventory by bedroom type for December 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 decreased by 31.8%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1421+50.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Amherst, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in East Amherst in December 2024, up by 50.0% month-over-month. Of the 21 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.

Days on Market for East Amherst, NY

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

Average Sale Time

Dec 2023Dec 2024CHANGE
11 Days33 Days+176.9%

Summary: Homes in East Amherst had an average of 33 days on market in Dec 2024, up by 176.9% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 21 homes were sold in East Amherst; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% 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 14 Days Ago

Newest Listings in East Amherst, NY

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