Is Pendleton, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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.
Housing Prices in Pendleton, NY
How much do homes in Pendleton, NY cost?
Median Sold Price
$329,161
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Pendleton have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Pendleton was $329,161 in March 2024, up 9.7% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $257K | $232K | -9.7% |
| 3 Bedrooms | $285.5K | $297K | +4.0% |
| 4 Bedrooms | $419.9K | $427K | +1.7% |
| 5+ Bedrooms | $552.5K | $382.5K | -30.8% |
Summary: Pendleton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.7%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 30.8%.
Median Sold Price Compared To Nearby Cities
| Pendleton | $300K | $329.1K | +9.7% |
| Amherst | $303.7K | $332.9K | +9.6% |
| Wheatfield | $325.7K | $350K | +7.4% |
| East Amherst | $425K | $450.5K | +6.0% |
Housing Supply in Pendleton, NY
How many homes are available in Pendleton, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Summary: The Pendleton real estate market had 13 homes for sale in March 2024, a 8.3% 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Pendleton 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 200%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pendleton, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Pendleton in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 56 Days | 9 Days | -84.1% |
Summary: Homes in Pendleton had an average of 9 days on market in Mar 2024, down by 84.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 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 March 2024, 1 homes were sold in Pendleton; 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.
