$2,374 Closing Credit*
$199,900
2,276 SqFt
5 Beds
•2 Full Baths
Salvatore Aurilio, Listing Office: HUNT Real Estate Corporation
Is Lackawanna, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Lackawanna was a Buyer's Market.
Key Takeaway
Lackawanna is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lackawanna, NY
How much do homes in Lackawanna, NY cost?
Median Sold Price
$192,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$23,750(+14.1%)
Key Takeaway
Homes in Lackawanna have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in Lackawanna was $192,000 in September 2024, up 14.1% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $90K | $168.5K | +87.2% |
| 3 Bedrooms | $165K | $192K | +16.4% |
| 4 Bedrooms | $180K | $230K | +27.8% |
| 5+ Bedrooms | $206K | $191K | -7.3% |
Summary: Lackawanna housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 87.2%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes decreased by 7.3%.
Median Sold Price Compared To Nearby Cities
| Lackawanna | $168.2K | $192K | +14.1% |
| West Seneca | $244.5K | $265K | +8.4% |
| Buffalo | $225K | $232.9K | +3.5% |
Housing Supply in Lackawanna, NY
How many homes are available in Lackawanna, NY?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 59 | 66 | +11.9% |
Summary: The Lackawanna real estate market had 66 homes for sale in September 2024, a 11.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 30 | 27 | -10.0% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The Lackawanna housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lackawanna, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Lackawanna in September 2024, up by 20.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 0% were sold at asking, and 58% were sold over asking.
Days on Market for Lackawanna, NY
How long does it take to sell a home in Lackawanna, NY?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 18 Days | 8 Days | -51.0% |
Summary: Homes in Lackawanna had an average of 8 days on market in Sep 2024, down by 51% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lackawanna are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 12 homes were sold in Lackawanna; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
