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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lewiston is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Lewiston has remained a Seller's Market.

Key Takeaway

Lewiston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lewiston, NY

How much do homes in Lewiston, NY cost?

Median Sold Price

$277,500

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$18,700(-6.3%)

Key Takeaway

Homes in Lewiston have sold for 6.3% less than they did a year ago.

Summary: The median home sold price in Lewiston was $277,500 in February 2024, down 6.3% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $178.5K-
N/A
2 $247.5K$257.5K
+4.0%
3 $272.5K$269.9K
-0.9%
4 $332.5K$359.5K
+8.1%
5+ $599.9K$385K
-35.8%

Summary: Lewiston housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 35.8%.

Housing Supply in Lewiston, NY

How many homes are available in Lewiston, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3123-25.8%

Summary: The Lewiston real estate market had 23 homes for sale in February 2024, a 25.8% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 1510
-33.3%
4 76
-14.3%
5+ 32
-33.3%

Summary: The Lewiston housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lewiston, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Lewiston in February 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Lewiston, NY

How long does it take to sell a home in Lewiston, NY?

Average Sale Time

Feb 2023Feb 2024CHANGE
32 Days26 Days-17.9%

Summary: Homes in Lewiston had an average of 26 days on market in Feb 2024, down by 17.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 4 homes were sold in Lewiston; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 27 Days Ago

Newest Listings in Lewiston, NY

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