Is Wheatfield, 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, Wheatfield has remained a Seller's Market.
Key Takeaway
Wheatfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wheatfield, NY
How much do homes in Wheatfield, NY cost?
Median Sold Price
$350,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wheatfield have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Wheatfield was $350,000 in March 2024, up 7.4% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $193K | $338.6K | +75.4% |
| 3 Bedrooms | $300K | $320K | +6.7% |
| 4 Bedrooms | $402.5K | $426K | +5.8% |
| 5+ Bedrooms | $365K | $190K | -47.9% |
Summary: Wheatfield 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 75.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 47.9%.
Median Sold Price Compared To Nearby Cities
| North Tonawanda | $213K | $234.5K | +10.1% |
| Pendleton | $300K | $329.1K | +9.7% |
| Sanborn | $266K | $290K | +9.0% |
| Wheatfield | $325.7K | $350K | +7.4% |
Housing Supply in Wheatfield, NY
How many homes are available in Wheatfield, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 28 | +27.3% |
Summary: The Wheatfield real estate market had 28 homes for sale in March 2024, a 27.3% 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 | 2 | +100.0% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Wheatfield 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 100%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wheatfield, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Wheatfield in March 2024, up by 133.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Wheatfield, NY
How long does it take to sell a home in Wheatfield, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 8 Days | -81.2% |
Summary: Homes in Wheatfield had an average of 8 days on market in Mar 2024, down by 81.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wheatfield are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Wheatfield; 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.
