Is Sloan, 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, Sloan has remained a Seller's Market.
Key Takeaway
Sloan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sloan, NY
How much do homes in Sloan, NY cost?
Median Sold Price
$174,900
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sloan have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Sloan was $174,900 in April 2024, up 2.9% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $143.2K | $137.5K | -4.0% |
| 3 Bedrooms | $170K | $174.9K | +2.9% |
| 4 Bedrooms | $190K | $194.4K | +2.3% |
| 5+ Bedrooms | $161.2K | $165K | +2.3% |
Summary: Sloan 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 4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Cheektowaga | $200.6K | $219.9K | +9.7% |
| Sloan | $170K | $174.9K | +2.9% |
Housing Supply in Sloan, NY
How many homes are available in Sloan, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Sloan real estate market had 14 homes for sale in April 2024, a 12.5% decrease 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Sloan 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 increased by 200%, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sloan, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Sloan in April 2024, down by 20.0% 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 Sloan, NY
How long does it take to sell a home in Sloan, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 20 Days | +41.3% |
Summary: Homes in Sloan had an average of 20 days on market in Apr 2024, up by 41.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sloan are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Sloan; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
