Is Niagara County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Niagara County has remained a Seller's Market.
Housing Prices in Niagara County, NY
How much do homes in Niagara County, NY cost?
Median Sold Price
$195,141
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Niagara County was $195,141 in April 2024, up 2.3% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $136.5K | +13.8% |
2 Bedrooms | $141K | $150K | +6.4% |
3 Bedrooms | $190K | $201.8K | +6.2% |
4 Bedrooms | $235K | $221K | -6.0% |
5+ Bedrooms | $303K | $172.5K | -43.1% |
Summary: Niagara County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 43.1%.
Median Sold Price Compared To Nearby Counties
Genesee County | $175K | $180K | +2.9% |
Erie County | $244.2K | $250.9K | +2.8% |
Niagara County | $190.7K | $195.1K | +2.3% |
Orleans County | $159K | $159.8K | 0.5% |
Housing Supply in Niagara County, NY
How many homes are available in Niagara County, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
544 | 532 | -2.2% |
Summary: The Niagara County real estate market had 532 homes for sale in April 2024, a 2.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 66 | 64 | -3.0% |
3 Bedrooms | 236 | 224 | -5.1% |
4 Bedrooms | 163 | 168 | +3.1% |
5+ Bedrooms | 75 | 71 | -5.3% |
Summary: The Niagara County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
124 | 94 | -24.2% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
50 Homes Were Sold
Over Asking
Summary: A total of 94 homes were sold or pending in Niagara County in April 2024, down by 24.2% month-over-month. Of the 94 sold homes, 38% were sold under asking, 9% were sold at asking, and 53% were sold over asking.
Days on Market for Niagara County, NY
How long does it take to sell a home in Niagara County, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 27 Days | -9.5% |
Summary: Homes in Niagara County had an average of 27 days on market in Apr 2024, down by 9.5% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 94 homes were sold in Niagara County; 67% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.