Is Pendleton, 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, Pendleton has remained a Seller's Market.
Housing Prices in Pendleton, NY
How much do homes in Pendleton, NY cost?
Median Sold Price
$340,750
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pendleton was $340,750 in April 2024, up 13.6% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $257K | $232K | -9.7% |
3 Bedrooms | $295K | $292K | -1.0% |
4 Bedrooms | $408K | $440K | +7.8% |
5+ Bedrooms | $552.5K | $425K | -23.1% |
Summary: Pendleton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.7%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 23.1%.
Median Sold Price Compared To Nearby Cities
Pendleton | $300K | $340.7K | +13.6% |
Wheatfield | $320K | $353K | +10.3% |
Amherst | $304.7K | $330.5K | +8.5% |
East Amherst | $425.6K | $450K | +5.7% |
Cambria | $290K | $300K | +3.4% |
Housing Supply in Pendleton, NY
How many homes are available in Pendleton, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 21 | +31.3% |
Summary: The Pendleton real estate market had 21 homes for sale in April 2024, a 31.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 2 | 6 | +200.0% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Pendleton 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 33.3%, 3 bedroom homes increased by 200%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Pendleton in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Pendleton, NY
How long does it take to sell a home in Pendleton, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 33 Days | +36.1% |
Summary: Homes in Pendleton had an average of 33 days on market in Apr 2024, up by 36.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Pendleton; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.