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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Niagara is a neutral'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

# BEDSJan 2022Jan 2023%
1 --
N/A
2 $117.5K$110K
-6.4%
3 $180.2K$199.9K
+10.9%
4 $200K$243.5K
+21.8%
5+ $170K$304K
+78.8%

Median Sold Price Compared To Nearby Cities

Niagara Falls
+11.9%
Niagara
+10.2%
Wheatfield
+3.2%

How many homes are available in Niagara, NY?

Number of Homes For Sale

Dec 2022Jan 2023%
2112-42.9%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 31
-66.7%
3 139
-30.8%
4 42
-50.0%
5+ 10
-100.0%

Number of Homes Sold

Dec 2022Jan 2023%
102-80.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

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 2022Jan 2023%
69 Days28 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

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Niagara, NY

Niagara, NY has 12 homes for sale to choose from. The number of homes for sale in Niagara, NY decreased by 42.9% between December 2022 and January 2023. While the average time on the market in January 2023 was 28 days, the median list price was $195,950. This housing market listing prices have changed between December 2022 and January 2023: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties decreased by 6.4%, 3 bedrooms properties became 10.9% more expensive, the cost of 4 bedrooms properties went up by 21.8%, prices of 5 bedrooms properties increased by 78.8%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 66.7% less available, 3 bedrooms homes inventory decreased by 30.8%, 4 bedrooms homes inventory decreased by 50%, volume of 5 bedrooms homes went down by 100%. Niagara, NY housing market in January 2023 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 1 sold below.

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