Is Pendleton, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pendleton is a buyer's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Pendleton was a Seller's Market.

Key Takeaway

Pendleton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Pendleton, NY cost?

Median Sold Price

$342,250

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$82,250(+31.6%)

Key Takeaway

Homes in Pendleton have sold for 31.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $255K$212K
-16.9%
3 $224.3K$310.5K
+38.4%
4 $397.5K$493K
+24.0%
5+ $292.5K$530K
+81.2%

Median Sold Price Compared To Nearby Cities

Pendleton
+31.6%
Cambria
+14.2%
Wheatfield
+13.8%
East Amherst
+10.5%
Amherst
+7.7%

How many homes are available in Pendleton, NY?

Number of Homes For Sale

Aug 2022Sep 2022%
2422-8.3%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 13
+200.0%
3 1011
+10.0%
4 116
-45.5%
5+ 22
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
72-71.4%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pendleton, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
26 Days6 Days-76.9%

Breakdown of Home Sale Times

2 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 Pendleton 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 Pendleton, NY

Number of homes for sale in Pendleton, NY real estate market have reached 22. The number of listings in Pendleton, NY decreased by 8.3% between August 2022 and September 2022. The median list price of listings available in September 2022 was $342,250, while the average time on the real estate market was 6 days. Listing prices have changed in this real estate market between August 2022 and September 2022: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went down by 16.9%, the cost of 3 bedrooms properties went up by 38.4%, 4 bedrooms properties became 24% more expensive, 5 bedrooms properties became 81.2% more expensive. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, 2 bedrooms homes became 200% more available, volume of 3 bedrooms homes went up by 10%, volume of 4 bedrooms homes went down by 45.5%, volume of 5 bedrooms homes stayed the same. Over 1 listings were sold over their listed price in September 2022 in Pendleton, NY. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price.

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