Is Clarence, 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, Clarence has remained a Seller's Market.
Key Takeaway
Clarence is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clarence, NY
How much do homes in Clarence, NY cost?
Median Sold Price
$490,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Clarence have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Clarence was $490,000 in May 2024, up 0.8% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $210K | +75.0% |
| 2 Bedrooms | $363K | $426.5K | +17.5% |
| 3 Bedrooms | $349K | $370K | +6.0% |
| 4 Bedrooms | $590K | $590K | 0.0% |
| 5+ Bedrooms | $625K | $767.4K | +22.8% |
Summary: Clarence housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 22.8%.
Median Sold Price Compared To Nearby Cities
| Royalton | $187.4K | $220K | +17.4% |
| Clarence Center | $496.2K | $535K | +7.8% |
| East Amherst | $426.2K | $445K | +4.4% |
| Clarence | $485.9K | $490K | +0.8% |
| Newstead | $322K | $320K | -0.6% |
Housing Supply in Clarence, NY
How many homes are available in Clarence, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 93 | 102 | +9.7% |
Summary: The Clarence real estate market had 102 homes for sale in May 2024, a 9.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 22 | 29 | +31.8% |
| 4 Bedrooms | 43 | 46 | +7.0% |
| 5+ Bedrooms | 21 | 19 | -9.5% |
Summary: The Clarence 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 16.7%, 3 bedroom homes increased by 31.8%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 9.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 19 | +58.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clarence, you could pay more than the asking price. 63.2% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Clarence in May 2024, up by 58.3% month-over-month. Of the 19 sold homes, 26% were sold under asking, 11% were sold at asking, and 63% were sold over asking.
Days on Market for Clarence, NY
How long does it take to sell a home in Clarence, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 27 Days | +20.2% |
Summary: Homes in Clarence had an average of 27 days on market in May 2024, up by 20.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clarence are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Clarence; 84% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
