How much do homes in Erie County, NY cost?

Median List Price

$199,900

Based on all homes listed in the last 12 months.

Difference Since September 2020

+$20,000(+11.1%)

Key Takeaway

The list price of homes in Erie County has increased by 11.1% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSSep 2020Sep 2021%
1 $119.9K$130.2K+8.6%
2 $143.2K$153.6K+7.2%
3 $169.9K$188.4K+10.9%
4 $246.9K$269.8K+9.3%
5+ $299.9K$324.9K+8.3%

Median List Price Compared To Nearby Counties

Cattaraugus County
+11.8%
Wyoming County
+11.5%
Erie County
+11.1%
Niagara County
+9.3%
Genesee County
+7.2%

How many homes are available in Erie County, NY?

Number of Homes For Sale

Aug 2021Sep 2021%
3,3172,448-26.2%

Homes For Sale By Bedroom Count

# BEDSAug 2021Sep 2021%
1 3026-13.3%
2 428318-25.7%
3 1,7561,269-27.7%
4 922686-25.6%
5+ 181149-17.7%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

Sep 2020Sep 2021%
110 Days65 Days-41.0%

Breakdown of Home Sale Times

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Key Takeaway

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About Erie County, NY

Number of homes for sale in Erie County, NY real estate market have reached 2,448. The number of homes for sale in Erie County, NY decreased by 26.2% between August 2021 and September 2021. Listings spent 65 days on the market in September 2021, and had a median list price of $199,900 during the same period. Listing prices have changed in this real estate market between August 2021 and September 2021: 1 bedroom properties became 8.6% more expensive, 2 bedrooms properties became 7.2% more expensive, prices of 3 bedrooms properties went up by 10.9%, prices of 4 bedrooms properties went up by 9.3%, prices of 5 bedrooms properties increased by 8.3%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory decreased by 13.3%, 2 bedrooms homes became 25.7% less available, 3 bedrooms homes inventory decreased by 27.7%, 4 bedrooms homes inventory decreased by 25.6%, number of 5 bedrooms homes decreased by 17.7%. In September 2021, from all listings sold in Erie County, NY there were more than 478 sold above asking price, over 130 sold below and more than 47 were sold right at the asked price.

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