Is Fredonia, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Fredonia has remained a Seller's Market.
Housing Prices in Fredonia, NY
How much do homes in Fredonia, NY cost?
Median Sold Price
$178,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fredonia was $178,000 in March 2024, up 3.4% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $98.5K | N/A |
2 Bedrooms | $139K | $150K | +7.9% |
3 Bedrooms | $169.9K | $176.5K | +3.9% |
4 Bedrooms | $179K | $185.5K | +3.6% |
5+ Bedrooms | $217.4K | $225K | +3.5% |
Summary: Fredonia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 3.5%.
Housing Supply in Fredonia, NY
How many homes are available in Fredonia, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 40 | -7.0% |
Summary: The Fredonia real estate market had 40 homes for sale in March 2024, a 7.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 14 | 14 | 0.0% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Fredonia housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Fredonia in March 2024, up by 50.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Fredonia, NY
How long does it take to sell a home in Fredonia, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
109 Days | 18 Days | -83.2% |
Summary: Homes in Fredonia had an average of 18 days on market in Mar 2024, down by 83.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Fredonia; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.