Is North Tonawanda, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$234,525
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Tonawanda have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in North Tonawanda was $234,525 in March 2024, up 10.1% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $133K | -30.0% |
| 2 Bedrooms | $175K | $180K | +2.9% |
| 3 Bedrooms | $208.5K | $235K | +12.7% |
| 4 Bedrooms | $279.9K | $311.2K | +11.2% |
| 5+ Bedrooms | $257K | $208.5K | -18.9% |
Summary: North Tonawanda housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes decreased by 18.9%.
Median Sold Price Compared To Nearby Cities
| Tonawanda | $211K | $235K | +11.4% |
| North Tonawanda | $213K | $234.5K | +10.1% |
| Amherst | $303.7K | $332.9K | +9.6% |
| Wheatfield | $325.7K | $350K | +7.4% |
Housing Supply in North Tonawanda, NY
How many homes are available in North Tonawanda, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 66 | 68 | +3.0% |
Summary: The North Tonawanda real estate market had 68 homes for sale in March 2024, a 3.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 33 | 33 | 0.0% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The North Tonawanda housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Tonawanda, you could pay more than the asking price. 82.4% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in North Tonawanda in March 2024, the same as the previous month. Of the 17 sold homes, 18% were sold under asking, 0% were sold at asking, and 82% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 24 Days | -42.5% |
Summary: Homes in North Tonawanda had an average of 24 days on market in Mar 2024, down by 42.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Tonawanda are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in North Tonawanda; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
