$3,918 Closing Credit*
$329,900
1,568 SqFt
3 Beds
•2 Full Baths
Nicholas M Lunetta, Listing Office: MJ Peterson Real Estate Inc.
Is Pendleton, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Pendleton has remained a Seller's Market.
Key Takeaway
Pendleton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pendleton, NY
How much do homes in Pendleton, NY cost?
Median Sold Price
$390,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$90,000(+30.0%)
Key Takeaway
Homes in Pendleton have sold for 30% more than they did a year ago.
Summary: The median home sold price in Pendleton was $390,000 in September 2024, up 30% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $248.5K | $309K | +24.3% |
| 3 Bedrooms | $280K | $362.5K | +29.5% |
| 4 Bedrooms | $413.5K | $455K | +10.0% |
| 5+ Bedrooms | $295K | $739.7K | +150.8% |
Summary: Pendleton 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 24.3%, 3 bedroom homes increased by 29.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 150.8%.
Median Sold Price Compared To Nearby Cities
| Pendleton | $300K | $390K | +30.0% |
| Wheatfield | $320K | $390K | +21.9% |
| Amherst | $325K | $334.9K | +3.1% |
| Cambria | $290K | $292.5K | +0.9% |
| East Amherst | $450K | $433.6K | -3.6% |
Housing Supply in Pendleton, NY
How many homes are available in Pendleton, NY?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 29 | 22 | -24.1% |
Summary: The Pendleton real estate market had 22 homes for sale in September 2024, a 24.1% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 1 | -75.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 11 | 6 | -45.5% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Pendleton housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 75%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 45.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pendleton, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Pendleton in September 2024, down by 44.4% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Pendleton, NY
How long does it take to sell a home in Pendleton, NY?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 19 Days | 20 Days | +3.7% |
Summary: Homes in Pendleton had an average of 20 days on market in Sep 2024, up by 3.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pendleton are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 5 homes were sold in Pendleton; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
