Is East Amherst, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, East Amherst was a Neutral Market.
Housing Prices in East Amherst, NY
How much do homes in East Amherst, NY cost?
Median Sold Price
$450,500
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in East Amherst was $450,500 in March 2024, up 6% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $172K | +18.6% |
2 Bedrooms | $220K | $298.5K | +35.7% |
3 Bedrooms | $350K | $355K | +1.4% |
4 Bedrooms | $510K | $500K | -2.0% |
5+ Bedrooms | $615K | $656.2K | +6.7% |
Summary: East Amherst housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.6%, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
Clarence Center | $462.5K | $540K | +16.8% |
Pendleton | $300K | $329.1K | +9.7% |
Amherst | $303.7K | $332.9K | +9.6% |
East Amherst | $425K | $450.5K | +6.0% |
Clarence | $476.5K | $496.6K | +4.2% |
Housing Supply in East Amherst, NY
How many homes are available in East Amherst, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 36 | +12.5% |
Summary: The East Amherst real estate market had 36 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 15 | 16 | +6.7% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The East Amherst housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 8 | +166.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in East Amherst in March 2024, up by 166.7% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 13 Days | -77.1% |
Summary: Homes in East Amherst had an average of 13 days on market in Mar 2024, down by 77.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in East Amherst; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.