Is Cambria, 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, Cambria has remained a Seller's Market.
Key Takeaway
Cambria is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cambria, NY
How much do homes in Cambria, NY cost?
Median Sold Price
$300,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cambria have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Cambria was $300,000 in May 2024, up 3.4% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $252K | $225K | -10.7% |
| 3 Bedrooms | $277.5K | $310K | +11.7% |
| 4 Bedrooms | $365K | $355K | -2.7% |
| 5+ Bedrooms | $526.5K | $230K | -56.3% |
Summary: Cambria 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 decreased by 10.7%, 3 bedroom homes increased by 11.7%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 56.3%.
Median Sold Price Compared To Nearby Cities
| Wheatfield | $303.5K | $361K | +18.9% |
| Newfane | $202.5K | $230K | +13.6% |
| Sanborn | $285K | $295K | +3.5% |
| Cambria | $290K | $300K | +3.4% |
Housing Supply in Cambria, NY
How many homes are available in Cambria, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Summary: The Cambria real estate market had 14 homes for sale in May 2024, a 40.0% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Cambria 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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cambria, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Cambria in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Cambria, NY
How long does it take to sell a home in Cambria, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 9 Days | +20.8% |
Summary: Homes in Cambria had an average of 9 days on market in May 2024, up by 20.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cambria are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Cambria; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
