Is Tonawanda, 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, Tonawanda has remained a Seller's Market.
Key Takeaway
Tonawanda is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tonawanda, NY
How much do homes in Tonawanda, NY cost?
Median Sold Price
$235,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tonawanda have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Tonawanda was $235,000 in April 2024, up 11.8% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $185K | $190K | +2.7% |
| 3 Bedrooms | $211K | $235K | +11.4% |
| 4 Bedrooms | $240K | $250K | +4.2% |
| 5+ Bedrooms | $211.5K | $255K | +20.6% |
Summary: Tonawanda 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 increased by 2.7%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 20.6%.
Median Sold Price Compared To Nearby Cities
| Tonawanda | $210.2K | $235K | +11.8% |
| Grand Island | $317K | $350K | +10.4% |
| North Tonawanda | $221.9K | $231.7K | +4.4% |
Housing Supply in Tonawanda, NY
How many homes are available in Tonawanda, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 94 | 81 | -13.8% |
Summary: The Tonawanda real estate market had 81 homes for sale in April 2024, a 13.8% 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 | 15 | 12 | -20.0% |
| 3 Bedrooms | 55 | 41 | -25.5% |
| 4 Bedrooms | 18 | 24 | +33.3% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Tonawanda 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 20%, 3 bedroom homes decreased by 25.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tonawanda, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Tonawanda in April 2024, down by 7.7% month-over-month. Of the 24 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for Tonawanda, NY
How long does it take to sell a home in Tonawanda, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 12 Days | -29.1% |
Summary: Homes in Tonawanda had an average of 12 days on market in Apr 2024, down by 29.1% compared to last year.
Breakdown of Home Sale Times
23 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 Tonawanda are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 24 homes were sold in Tonawanda; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
