Is Getzville, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Getzville was a Buyer's Market.
Key Takeaway
Getzville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Getzville, NY
How much do homes in Getzville, NY cost?
Median Sold Price
$417,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Getzville have sold for 38.3% more than they did a year ago.
Summary: The median home sold price in Getzville was $417,000 in April 2024, up 38.3% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $117K | $150K | +28.1% |
| 2 Bedrooms | $167K | $190K | +13.8% |
| 3 Bedrooms | $316.5K | $337.3K | +6.6% |
| 4 Bedrooms | $446.5K | $480K | +7.5% |
| 5+ Bedrooms | $500K | $660K | +32.0% |
Summary: Getzville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.1%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 32%.
Median Sold Price Compared To Nearby Cities
| Getzville | $301.5K | $417K | +38.3% |
| Amherst | $304.7K | $330.5K | +8.5% |
| East Amherst | $425.6K | $450K | +5.7% |
Housing Supply in Getzville, NY
How many homes are available in Getzville, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Summary: The Getzville real estate market had 17 homes for sale in April 2024, a 5.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Getzville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Getzville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Getzville in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Getzville, NY
How long does it take to sell a home in Getzville, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 40 Days | 16 Days | -59.2% |
Summary: Homes in Getzville had an average of 16 days on market in Apr 2024, down by 59.2% compared to last year.
Breakdown of Home Sale Times
4 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 Getzville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Getzville; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
