Is Sloan, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$175,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sloan have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Sloan was $175,000 in May 2024, up 2.3% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $125K | $137.5K | +10.0% |
| 3 Bedrooms | $170K | $174.9K | +2.9% |
| 4 Bedrooms | $190K | $187K | -1.6% |
| 5+ Bedrooms | $161.2K | $172.4K | +6.9% |
Summary: Sloan housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Cities
| Cheektowaga | $200.8K | $220K | +9.5% |
| Sloan | $171K | $175K | +2.3% |
Housing Supply in Sloan, NY
How many homes are available in Sloan, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 21 | +16.7% |
Summary: The Sloan real estate market had 21 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Sloan housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sloan, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Sloan in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 78 Days | 47 Days | -40.1% |
Summary: Homes in Sloan had an average of 47 days on market in May 2024, down by 40.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sloan are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Sloan; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
