Is Ellicottville, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Ellicottville was a Neutral Market.
Housing Prices in Ellicottville, NY
How much do homes in Ellicottville, NY cost?
Median Sold Price
$405,000
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Ellicottville was $405,000 in February 2024, up 26.6% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $94.2K | $200K | +112.2% |
2 Bedrooms | $115K | $111K | -3.5% |
3 Bedrooms | $370K | $412.5K | +11.5% |
4 Bedrooms | $532.5K | $460K | -13.6% |
5+ Bedrooms | $500K | $536.2K | +7.2% |
Summary: Ellicottville housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 112.2%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 7.2%.
Housing Supply in Ellicottville, NY
How many homes are available in Ellicottville, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
60 | 55 | -8.3% |
Summary: The Ellicottville real estate market had 55 homes for sale in February 2024, a 8.3% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 13 | -7.1% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 13 | 7 | -46.2% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The Ellicottville housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 46.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
11 | 5 | -54.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Ellicottville in February 2024, down by 54.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Ellicottville, NY
How long does it take to sell a home in Ellicottville, NY?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
47 Days | 107 Days | +127.7% |
Summary: Homes in Ellicottville had an average of 107 days on market in Feb 2024, up by 127.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in Ellicottville; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.