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 2021

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.

How much do homes in North Tonawanda, NY cost?

Median Sold Price

$189,500

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$9,500(+5.3%)

Key Takeaway

Homes in North Tonawanda have sold for 5.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $142.6K$140.5K
-1.5%
3 $185K$192K
+3.8%
4 $183.7K$206K
+12.1%
5+ $220K$205K
-6.8%

Median Sold Price Compared To Nearby Cities

Grand Island
+18.1%
Wheatfield
+13.8%
Tonawanda
+12.5%
Amherst
+7.7%
North Tonawanda
+5.3%

How many homes are available in North Tonawanda, NY?

Number of Homes For Sale

Aug 2022Sep 2022%
11289-20.5%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 10
-100.0%
2 148
-42.9%
3 7563
-16.0%
4 2018
-10.0%
5+ 20
-100.0%

Number of Homes Sold

Aug 2022Sep 2022%
3334+3.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

22 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. 64.7% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
10 Days15 Days+45.8%

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

5 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.

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

About North Tonawanda, NY

Homes for sale in North Tonawanda, NY have reached 89. The number of listings in North Tonawanda, NY decreased by 20.5% between August 2022 and September 2022. Listings spent 15 days on the market in September 2022, and had a median list price of $189,500 during the same period. Real estate listing prices changed between August 2022 and September 2022: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went down by 1.5%, the cost of 3 bedrooms properties went up by 3.8%, prices of 4 bedrooms properties went up by 12.1%, 5 bedrooms properties became 6.8% more cheaper. This housing market inventory have changed: 1 bedroom homes became 100% less available, volume of 2 bedrooms homes went down by 42.9%, volume of 3 bedrooms homes went down by 16%, 4 bedrooms homes became 10% less available, 5 bedrooms homes became 100% less available. In September 2022, from all listings sold in North Tonawanda, NY there were more than 22 sold above asking price, over 11 sold below and more than 1 were sold right at the asked price.

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