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.
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
$450,500
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in East Amherst have sold for 6% more than they did a year ago.
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
Key Takeaway
If you're buying a home in East Amherst, you could pay more than the asking price. 75% of homes here sold above asking price last month.
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
Key Takeaway
Many homes in East Amherst are selling fast, if you're buying plan to act quickly.
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.
