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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wheatfield is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Wheatfield was a Seller's Market.

Key Takeaway

Wheatfield is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Wheatfield, NY

How much do homes in Wheatfield, NY cost?

Median Sold Price

$390,000

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$70,000(+21.9%)

Key Takeaway

Homes in Wheatfield have sold for 21.9% more than they did a year ago.

Summary: The median home sold price in Wheatfield was $390,000 in September 2024, up 21.9% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $207.7K$337.2K
+62.3%
3 $290K$357K
+23.1%
4 $418K$455K
+8.9%
5+ $265K$438K
+65.3%

Summary: Wheatfield housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 62.3%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 65.3%.

Median Sold Price Compared To Nearby Cities

Pendleton
+30.0%
Wheatfield
+21.9%
North Tonawanda
+6.5%
Cambria
+0.9%
Sanborn
0.2%

Housing Supply in Wheatfield, NY

How many homes are available in Wheatfield, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4955+12.2%

Summary: The Wheatfield real estate market had 55 homes for sale in September 2024, a 12.2% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 3133
+6.5%
4 1512
-20.0%
5+ 39
+200.0%

Summary: The Wheatfield housing inventory by bedroom type for September 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 6.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
139-30.8%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wheatfield, you could pay more than the asking price. 88.9% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Wheatfield in September 2024, down by 30.8% month-over-month. Of the 9 sold homes, 11% were sold under asking, 0% were sold at asking, and 89% 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

Sep 2023Sep 2024CHANGE
14 Days8 Days-43.4%

Summary: Homes in Wheatfield had an average of 8 days on market in Sep 2024, down by 43.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wheatfield are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 9 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Wheatfield, NY

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