Is Cattaraugus 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, Cattaraugus County was a Seller's Market.
Housing Prices in Cattaraugus County, NY
How much do homes in Cattaraugus County, NY cost?
Median Sold Price
$147,100
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cattaraugus County was $147,100 in April 2024, up 1.7% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $111.7K | $155K | +38.7% |
2 Bedrooms | $105K | $110K | +4.8% |
3 Bedrooms | $142.5K | $141K | -1.1% |
4 Bedrooms | $166K | $165K | -0.6% |
5+ Bedrooms | $257.5K | $190K | -26.2% |
Summary: Cattaraugus County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.7%, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 26.2%.
Median Sold Price Compared To Nearby Counties
Wyoming County | $150K | $165K | +10.0% |
Allegany County | $115K | $123.5K | +7.4% |
Erie County | $244.2K | $250.9K | +2.8% |
Cattaraugus County | $144.5K | $147.1K | +1.7% |
Chautauqua County | $144.2K | $138.6K | -3.9% |
Housing Supply in Cattaraugus County, NY
How many homes are available in Cattaraugus County, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
254 | 226 | -11.0% |
Summary: The Cattaraugus County real estate market had 226 homes for sale in April 2024, a 11.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 18 | -5.3% |
2 Bedrooms | 41 | 31 | -24.4% |
3 Bedrooms | 98 | 87 | -11.2% |
4 Bedrooms | 52 | 48 | -7.7% |
5+ Bedrooms | 44 | 42 | -4.5% |
Summary: The Cattaraugus County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.3%, 2 bedroom homes decreased by 24.4%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 4.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 29 | -39.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Cattaraugus County in April 2024, down by 39.6% month-over-month. Of the 29 sold homes, 62% were sold under asking, 10% were sold at asking, and 28% were sold over asking.
Days on Market for Cattaraugus County, NY
How long does it take to sell a home in Cattaraugus County, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 89 Days | +65.8% |
Summary: Homes in Cattaraugus County had an average of 89 days on market in Apr 2024, up by 65.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in Cattaraugus County; 52% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.