Is Ellicott, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Ellicott has remained a Seller's Market.
Housing Prices in Ellicott, NY
How much do homes in Ellicott, NY cost?
Median Sold Price
$138,500
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Ellicott was $138,500 in February 2024, up 11.9% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $9K | $97K | +977.8% |
2 Bedrooms | $90.5K | $110K | +21.5% |
3 Bedrooms | $123.3K | $171.2K | +38.8% |
4 Bedrooms | $162.5K | $159K | -2.2% |
5+ Bedrooms | $243.5K | $129K | -47.0% |
Summary: Ellicott housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 977.8%, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 38.8%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 47%.
Median Sold Price Compared To Nearby Cities
Falconer | $98.2K | $126.5K | +28.8% |
Ellicott | $123.7K | $138.5K | +11.9% |
Lakewood | $195.9K | $207.2K | +5.8% |
Jamestown | $102K | $93.8K | -8.0% |
Housing Supply in Ellicott, NY
How many homes are available in Ellicott, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
29 | 27 | -6.9% |
Summary: The Ellicott real estate market had 27 homes for sale in February 2024, a 6.9% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 11 | 10 | -9.1% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Ellicott housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Ellicott in February 2024, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Ellicott, NY
How long does it take to sell a home in Ellicott, NY?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
43 Days | 26 Days | -40.4% |
Summary: Homes in Ellicott had an average of 26 days on market in Feb 2024, down by 40.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in Ellicott; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.