Is West Seneca, 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, West Seneca has remained a Seller's Market.
Housing Prices in West Seneca, NY
How much do homes in West Seneca, NY cost?
Median Sold Price
$251,500
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Seneca was $251,500 in April 2024, up 6.9% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $95K | N/A |
2 Bedrooms | $168.9K | $185K | +9.5% |
3 Bedrooms | $235.9K | $260K | +10.2% |
4 Bedrooms | $281K | $260.5K | -7.3% |
5+ Bedrooms | $290K | $298.7K | +3.0% |
Summary: West Seneca 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 9.5%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
Lackawanna | $169.5K | $192K | +13.3% |
Cheektowaga | $200.6K | $219.9K | +9.7% |
West Seneca | $235.2K | $251.5K | +6.9% |
Elma | $371.7K | $381K | +2.5% |
Buffalo | $224.8K | $229.9K | +2.3% |
Housing Supply in West Seneca, NY
How many homes are available in West Seneca, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
89 | 95 | +6.7% |
Summary: The West Seneca real estate market had 95 homes for sale in April 2024, a 6.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 17 | 19 | +11.8% |
3 Bedrooms | 37 | 43 | +16.2% |
4 Bedrooms | 29 | 27 | -6.9% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The West Seneca housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 16.2%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 19 | -13.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in West Seneca in April 2024, down by 13.6% month-over-month. Of the 19 sold homes, 16% were sold under asking, 5% were sold at asking, and 79% were sold over asking.
Days on Market for West Seneca, NY
How long does it take to sell a home in West Seneca, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 18 Days | -4.4% |
Summary: Homes in West Seneca had an average of 18 days on market in Apr 2024, down by 4.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in West Seneca; 74% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.