Is North Tonawanda, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Tonawanda is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, North Tonawanda has remained a Seller's Market.

Key Takeaway

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

Housing Prices in North Tonawanda, NY

How much do homes in North Tonawanda, NY cost?

Median Sold Price

$244,975

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$14,975(+6.5%)

Key Takeaway

Homes in North Tonawanda have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in North Tonawanda was $244,975 in September 2024, up 6.5% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $161.5K-
N/A
2 $170K$180K
+5.9%
3 $228.5K$241.5K
+5.7%
4 $305K$330K
+8.2%
5+ $230K$290K
+26.1%

Summary: North Tonawanda 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 increased by 5.9%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 26.1%.

Median Sold Price Compared To Nearby Cities

Wheatfield
+21.9%
Tonawanda
+6.7%
North Tonawanda
+6.5%
Amherst
+3.1%

Housing Supply in North Tonawanda, NY

How many homes are available in North Tonawanda, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
125113-9.6%

Summary: The North Tonawanda real estate market had 113 homes for sale in September 2024, a 9.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 10
-100.0%
2 810
+25.0%
3 7159
-16.9%
4 3328
-15.2%
5+ 1216
+33.3%

Summary: The North Tonawanda housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 16.9%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4224-42.9%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Tonawanda, you could pay more than the asking price. 70.8% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in North Tonawanda in September 2024, down by 42.9% month-over-month. Of the 24 sold homes, 25% were sold under asking, 4% were sold at asking, and 71% were sold over asking.

Days on Market for North Tonawanda, NY

How long does it take to sell a home in North Tonawanda, NY?

Average Sale Time

Sep 2023Sep 2024CHANGE
11 Days10 Days-6.5%

Summary: Homes in North Tonawanda had an average of 10 days on market in Sep 2024, down by 6.5% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 24 homes were sold in North Tonawanda; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 30 Days Ago

Newest Listings in North Tonawanda, NY

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