Is Ellicottville, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ellicottville is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Ellicottville has remained a Buyer's Market.

Key Takeaway

Ellicottville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Ellicottville, NY

How much do homes in Ellicottville, NY cost?

Median Sold Price

$420,000

$289/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,000(+2.4%)

Key Takeaway

Homes in Ellicottville have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Ellicottville was $420,000 in November 2024, up 2.4% from last year, and the median price per square foot was $289.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $108.4K$260K
+139.7%
2 $112K$350K
+212.5%
3 $422K$457.5K
+8.4%
4 $465K$525K
+12.9%
5+ $486.2K$657K
+35.1%

Summary: Ellicottville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 139.7%, 2 bedroom homes increased by 212.5%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 35.1%.

Housing Supply in Ellicottville, NY

How many homes are available in Ellicottville, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7776-1.3%

Summary: The Ellicottville real estate market had 76 homes for sale in November 2024, a 1.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1013
+30.0%
2 1413
-7.1%
3 2021
+5.0%
4 139
-30.8%
5+ 2020
0.0%

Summary: The Ellicottville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
95-44.4%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ellicottville, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Ellicottville in November 2024, down by 44.4% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
17 Days102 Days+503.5%

Summary: Homes in Ellicottville had an average of 102 days on market in Nov 2024, up by 503.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 5 homes were sold in Ellicottville; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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 6 Days Ago

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