Is North Tonawanda, 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, North Tonawanda has remained a Seller's Market.
Housing Prices in North Tonawanda, NY
How much do homes in North Tonawanda, NY cost?
Median Sold Price
$235,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Tonawanda was $235,000 in May 2024, up 6.8% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $133K | -30.0% |
2 Bedrooms | $146.5K | $177K | +20.8% |
3 Bedrooms | $210K | $235K | +11.9% |
4 Bedrooms | $277.4K | $317K | +14.3% |
5+ Bedrooms | $261.1K | $206K | -21.1% |
Summary: North Tonawanda housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30%, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 21.1%.
Median Sold Price Compared To Nearby Cities
Wheatfield | $303.5K | $361K | +18.9% |
Tonawanda | $210.6K | $235K | +11.6% |
Amherst | $307.2K | $330.5K | +7.6% |
North Tonawanda | $219.9K | $235K | +6.8% |
Housing Supply in North Tonawanda, NY
How many homes are available in North Tonawanda, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
85 | 94 | +10.6% |
Summary: The North Tonawanda real estate market had 94 homes for sale in May 2024, a 10.6% 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 | 14 | 12 | -14.3% |
3 Bedrooms | 44 | 49 | +11.4% |
4 Bedrooms | 20 | 22 | +10.0% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The North Tonawanda 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 decreased by 14.3%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 23 | +35.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in North Tonawanda in May 2024, up by 35.3% month-over-month. Of the 23 sold homes, 13% were sold under asking, 9% were sold at asking, and 78% were sold over asking.
Days on Market for North Tonawanda, NY
How long does it take to sell a home in North Tonawanda, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 16 Days | +29.3% |
Summary: Homes in North Tonawanda had an average of 16 days on market in May 2024, up by 29.3% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 23 homes were sold in North Tonawanda; 87% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.