$830 Closing Credit*
$69,900
1,378 SqFt
4 Beds
•1 Full Bath, 1 Partial
Mark F Zambito, Listing Office: Berkshire Hathaway Homeservices Zambito Realtors
Is Newfane, 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, Newfane was a Seller's Market.
Key Takeaway
Newfane is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Newfane, NY
How much do homes in Newfane, NY cost?
Median Sold Price
$225,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$5,000(+2.3%)
Key Takeaway
Homes in Newfane have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Newfane was $225,000 in September 2024, up 2.3% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | - | N/A |
| 2 Bedrooms | $159K | $158K | -0.6% |
| 3 Bedrooms | $247K | $230K | -6.9% |
| 4 Bedrooms | $220K | $236K | +7.3% |
| 5+ Bedrooms | $296K | $240K | -18.9% |
Summary: Newfane 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 decreased by 0.6%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 18.9%.
Median Sold Price Compared To Nearby Cities
| Gasport | $208K | $267.5K | +28.6% |
| Newfane | $220K | $225K | +2.3% |
Housing Supply in Newfane, NY
How many homes are available in Newfane, NY?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 41 | 26 | -36.6% |
Summary: The Newfane real estate market had 26 homes for sale in September 2024, a 36.6% decrease 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 | 4 | -20.0% |
| 3 Bedrooms | 17 | 9 | -47.1% |
| 4 Bedrooms | 11 | 7 | -36.4% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Newfane 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 decreased by 20%, 3 bedroom homes decreased by 47.1%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 10 | 4 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newfane, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Newfane in September 2024, down by 60.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Newfane, NY
How long does it take to sell a home in Newfane, NY?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 67 Days | 19 Days | -70.6% |
Summary: Homes in Newfane had an average of 19 days on market in Sep 2024, down by 70.6% 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
Key Takeaway
Many homes in Newfane are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 4 homes were sold in Newfane; 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.
