Is Allegany County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Allegany County was a Buyer's Market.
Key Takeaway
Allegany County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Allegany County, NY
How much do homes in Allegany County, NY cost?
Median Sold Price
$123,500
$85/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Allegany County have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Allegany County was $123,500 in April 2024, up 7.4% from last year, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83K | $68K | -18.1% |
| 2 Bedrooms | $87K | $100.7K | +15.7% |
| 3 Bedrooms | $119.5K | $129K | +7.9% |
| 4 Bedrooms | $130.7K | $150K | +14.7% |
| 5+ Bedrooms | $169.9K | $172.2K | +1.4% |
Summary: Allegany County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.1%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Counties
| Wyoming County | $150K | $165K | +10.0% |
| Livingston County | $191.5K | $207.8K | +8.5% |
| Allegany County | $115K | $123.5K | +7.4% |
| Cattaraugus County | $144.5K | $147.1K | +1.7% |
| Steuben County | $148.6K | $148.2K | -0.3% |
Housing Supply in Allegany County, NY
How many homes are available in Allegany County, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 140 | 130 | -7.1% |
Summary: The Allegany County real estate market had 130 homes for sale in April 2024, a 7.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 33 | 29 | -12.1% |
| 3 Bedrooms | 53 | 49 | -7.5% |
| 4 Bedrooms | 29 | 32 | +10.3% |
| 5+ Bedrooms | 21 | 17 | -19.0% |
Summary: The Allegany County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 19%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Allegany County, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Allegany County in April 2024, down by 5.0% month-over-month. Of the 19 sold homes, 63% were sold under asking, 16% were sold at asking, and 21% were sold over asking.
Days on Market for Allegany County, NY
How long does it take to sell a home in Allegany County, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 67 Days | +90.5% |
Summary: Homes in Allegany County had an average of 67 days on market in Apr 2024, up by 90.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Allegany County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 19 homes were sold in Allegany County; 37% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.
IDX Disclaimer/Disclosure: The data on this website relating to real estate for sale comes in part from the IDX Program of the Multiple Listing Service of the Elmira-Corning Regional Association of REALTORS®, Inc. 
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.