Is Tonawanda, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | $62.5K | - | N/A |
| 2 Bedrooms | $158.4K | $157.5K | -0.6% |
| 3 Bedrooms | $170K | $199K | +17.1% |
| 4 Bedrooms | $179.5K | $208K | +15.9% |
| 5+ Bedrooms | $170.5K | $103K | -39.6% |
Median Sold Price Compared To Nearby Cities
| Tonawanda | $170K | $190K | +11.8% |
| Grand Island | $305K | $340K | +11.5% |
| North Tonawanda | $185K | $192.7K | +4.2% |
How many homes are available in Tonawanda, NY?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 38 | 29 | -23.7% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 25 | 16 | -36.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 10 | 9 | -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
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 2021 | Dec 2022 | % |
|---|---|---|
| 16 Days | 20 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
Key Takeaway
Many homes in Tonawanda are selling fast, if you're buying plan to act quickly.
