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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Niagara County is a seller's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Niagara County, NY cost?

Median Sold Price

$185,000

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$10,229(+5.9%)

Key Takeaway

Homes in Niagara County have sold for 5.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $84.7K$130K
+53.4%
2 $130.3K$140K
+7.4%
3 $170.6K$184.9K
+8.4%
4 $206K$230K
+11.7%
5+ $225K$257.7K
+14.6%

Median Sold Price Compared To Nearby Counties

Genesee County
+10.8%
Erie County
+10.1%
Orleans County
+9.3%
Niagara County
+5.9%

How many homes are available in Niagara County, NY?

Number of Homes For Sale

Sep 2022Oct 2022%
795646-18.7%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 56
+20.0%
2 10085
-15.0%
3 462374
-19.0%
4 186147
-21.0%
5+ 4234
-19.0%

Number of Homes Sold

Sep 2022Oct 2022%
198180-9.1%

Asking Price vs. Sold Price

60 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

96 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Niagara County, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
17 Days19 Days+16.2%

Breakdown of Home Sale Times

147 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Niagara County 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 County, NY

Number of homes for sale in Niagara County, NY real estate market have reached 646. The number of listings in Niagara County, NY decreased by 18.7% between September 2022 and October 2022. The median list price of listings available in October 2022 was $185,000, while the average time on the real estate market was 19 days. Listing prices have changed in this real estate market between September 2022 and October 2022: prices of 1 bedroom properties increased by 53.4%, 2 bedrooms properties prices increased by 7.4%, prices of 3 bedrooms properties went up by 8.4%, 4 bedrooms properties prices increased by 11.7%, prices of 5 bedrooms properties went up by 14.6%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes became 20% more available, number of 2 bedrooms homes decreased by 15%, number of 3 bedrooms homes decreased by 19%, number of 4 bedrooms homes decreased by 21%, the quantity of 5 bedrooms homes went down by 19%. Niagara County, NY housing market in October 2022 saw over 96 listings sold above listed price, more than 24 sold at listed price and over 60 sold below.

Related Housing Market Reports