Is Niagara, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since January 2022
At the same time last year, Niagara was a Seller's Market.
Key Takeaway
Niagara is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
How much do homes in Niagara, NY cost?
Median Sold Price
$195,950
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since January 2022
+$18,173(+10.2%)
Key Takeaway
Homes in Niagara have sold for 10.2% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Jan 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $117.5K | $110K | -6.4% |
| 3 Bedrooms | $180.2K | $199.9K | +10.9% |
| 4 Bedrooms | $200K | $243.5K | +21.8% |
| 5+ Bedrooms | $170K | $304K | +78.8% |
Median Sold Price Compared To Nearby Cities
| Niagara Falls | $115.8K | $129.5K | +11.9% |
| Niagara | $177.7K | $195.9K | +10.2% |
| Wheatfield | $308.5K | $318.2K | +3.2% |
How many homes are available in Niagara, NY?
Number of Homes For Sale
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 21 | 12 | -42.9% |
Homes For Sale By Bedroom Count
| # BEDS | Dec 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 13 | 9 | -30.8% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Number of Homes Sold
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 10 | 2 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Niagara, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Average Sale Time
| Jan 2022 | Jan 2023 | % |
|---|---|---|
| 69 Days | 28 Days | -59.5% |
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Niagara are selling fast, if you're buying plan to act quickly.
