Is Erie County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
Since last year, Erie County has remained a Seller's Market.
How much do homes in Erie County, NY cost?
Median Sold Price
$240,340
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
Median Sold Price By Bedroom Count
# BEDS | Dec 2021 | Dec 2022 | % |
---|---|---|---|
1 Bedroom | $149K | $132K | -11.4% |
2 Bedrooms | $166.5K | $187.6K | +12.7% |
3 Bedrooms | $209.9K | $230.4K | +9.8% |
4 Bedrooms | $291K | $326.4K | +12.2% |
5+ Bedrooms | $343.5K | $360K | +4.8% |
Median Sold Price Compared To Nearby Counties
Erie County | $221.2K | $240.3K | +8.6% |
Niagara County | $175.7K | $188.3K | +7.2% |
Genesee County | $164.9K | $174.3K | +5.7% |
Wyoming County | $155K | $158.2K | +2.1% |
Cattaraugus County | $145.3K | $139.9K | -3.7% |
How many homes are available in Erie County, NY?
Number of Homes For Sale
Nov 2022 | Dec 2022 | % |
---|---|---|
2,247 | 1,510 | -32.8% |
Homes For Sale By Bedroom Count
# BEDS | Nov 2022 | Dec 2022 | % |
---|---|---|---|
1 Bedroom | 17 | 11 | -35.3% |
2 Bedrooms | 334 | 237 | -29.0% |
3 Bedrooms | 1,186 | 771 | -35.0% |
4 Bedrooms | 596 | 400 | -32.9% |
5+ Bedrooms | 114 | 91 | -20.2% |
Number of Homes Sold
Nov 2022 | Dec 2022 | % |
---|---|---|
629 | 481 | -23.5% |
Asking Price vs. Sold Price
161 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
280 Homes Were Sold
Over Asking
Average Sale Time
Dec 2021 | Dec 2022 | % |
---|---|---|
16 Days | 20 Days | +22.0% |
Breakdown of Home Sale Times
387 Homes Were Sold
Under 30 Days
79 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days