Is West Seneca, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, West Seneca has remained a Seller's Market.
Key Takeaway
West Seneca is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Seneca, NY
How much do homes in West Seneca, NY cost?
Median Sold Price
$251,333
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West Seneca have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in West Seneca was $251,333 in March 2024, up 6.5% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $95K | N/A |
| 2 Bedrooms | $169.9K | $183K | +7.7% |
| 3 Bedrooms | $240K | $257.7K | +7.4% |
| 4 Bedrooms | $287.5K | $272K | -5.4% |
| 5+ Bedrooms | $290K | $287.5K | -0.9% |
Summary: West Seneca 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 increased by 7.7%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Cheektowaga | $200.6K | $218.1K | +8.7% |
| West Seneca | $235.9K | $251.3K | +6.5% |
| Lackawanna | $175K | $185.2K | +5.9% |
| Elma | $375K | $387K | +3.2% |
| Buffalo | $224.9K | $227.1K | +1.0% |
Housing Supply in West Seneca, NY
How many homes are available in West Seneca, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 85 | 76 | -10.6% |
Summary: The West Seneca real estate market had 76 homes for sale in March 2024, a 10.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 42 | 28 | -33.3% |
| 4 Bedrooms | 23 | 26 | +13.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The West Seneca 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 15.4%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 13%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Seneca, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in West Seneca in March 2024, down by 13.0% month-over-month. Of the 20 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for West Seneca, NY
How long does it take to sell a home in West Seneca, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 17 Days | 27 Days | +54.1% |
Summary: Homes in West Seneca had an average of 27 days on market in Mar 2024, up by 54.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Seneca are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in West Seneca; 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.
