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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tonawanda is a seller's market

Buyer's
Market

Difference Since December 2021

Since last year, Tonawanda has remained a Seller's Market.

Key Takeaway

Tonawanda is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Tonawanda, NY cost?

Median Sold Price

$190,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$20,000(+11.8%)

Key Takeaway

Homes in Tonawanda have sold for 11.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $62.5K-
N/A
2 $158.4K$157.5K
-0.6%
3 $170K$199K
+17.1%
4 $179.5K$208K
+15.9%
5+ $170.5K$103K
-39.6%

Median Sold Price Compared To Nearby Cities

Tonawanda
+11.8%
Grand Island
+11.5%
North Tonawanda
+4.2%

How many homes are available in Tonawanda, NY?

Number of Homes For Sale

Nov 2022Dec 2022%
3829-23.7%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 89
+12.5%
3 2516
-36.0%
4 33
0.0%
5+ 21
-50.0%

Number of Homes Sold

Nov 2022Dec 2022%
109-10.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tonawanda, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Dec 2021Dec 2022%
16 Days20 Days+28.1%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 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 Tonawanda, NY

Homes for sale in Tonawanda, NY have reached 29. The number of homes for sale in Tonawanda, NY decreased by 23.7% between November 2022 and December 2022. In December 2022 median list price was $190,000 and the average listing age was 20 days. Real estate listing prices changed between November 2022 and December 2022: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices decreased by 0.6%, 3 bedrooms properties prices increased by 17.1%, prices of 4 bedrooms properties went up by 15.9%, the cost of 5 bedrooms properties went down by 39.6%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went up by 12.5%, 3 bedrooms homes became 36% less available, the quantity of 4 bedrooms homes have not changed, the quantity of 5 bedrooms homes went down by 50%. While more than 6 listings in Tonawanda, NY in December 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 3 were sold below.

Related Housing Market Reports