Is Niagara County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
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.
Housing Prices in Niagara County, NY
How much do homes in Niagara County, NY cost?
Median Sold Price
$195,141
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Niagara County have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Niagara County was $195,141 in April 2024, up 2.3% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $136.5K | +13.8% |
| 2 Bedrooms | $141K | $150K | +6.4% |
| 3 Bedrooms | $190K | $201.8K | +6.2% |
| 4 Bedrooms | $235K | $221K | -6.0% |
| 5+ Bedrooms | $303K | $172.5K | -43.1% |
Summary: Niagara County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 43.1%.
Median Sold Price Compared To Nearby Counties
| Genesee County | $175K | $180K | +2.9% |
| Erie County | $244.2K | $250.9K | +2.8% |
| Niagara County | $190.7K | $195.1K | +2.3% |
| Orleans County | $159K | $159.8K | 0.5% |
Housing Supply in Niagara County, NY
How many homes are available in Niagara County, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 544 | 532 | -2.2% |
Summary: The Niagara County real estate market had 532 homes for sale in April 2024, a 2.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 66 | 64 | -3.0% |
| 3 Bedrooms | 236 | 224 | -5.1% |
| 4 Bedrooms | 163 | 168 | +3.1% |
| 5+ Bedrooms | 75 | 71 | -5.3% |
Summary: The Niagara County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 124 | 94 | -24.2% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
50 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Niagara County, you could pay more than the asking price. 53.2% of homes here sold above asking price last month.
Summary: A total of 94 homes were sold or pending in Niagara County in April 2024, down by 24.2% month-over-month. Of the 94 sold homes, 38% were sold under asking, 9% were sold at asking, and 53% were sold over asking.
Days on Market for Niagara County, NY
How long does it take to sell a home in Niagara County, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 27 Days | -9.5% |
Summary: Homes in Niagara County had an average of 27 days on market in Apr 2024, down by 9.5% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Niagara County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 94 homes were sold in Niagara County; 67% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.