Is Pendleton, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Pendleton was a Seller's Market.
Key Takeaway
Pendleton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Pendleton, NY
How much do homes in Pendleton, NY cost?
Median Sold Price
$375,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pendleton have sold for 24.8% more than they did a year ago.
Summary: The median home sold price in Pendleton was $375,000 in May 2024, up 24.8% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $286.4K | $232K | -19.0% |
| 3 Bedrooms | $285.5K | $303.5K | +6.3% |
| 4 Bedrooms | $404K | $450K | +11.4% |
| 5+ Bedrooms | $552.5K | $454.2K | -17.8% |
Summary: Pendleton 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 19%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 17.8%.
Median Sold Price Compared To Nearby Cities
| Pendleton | $300.5K | $375K | +24.8% |
| Wheatfield | $303.5K | $361K | +18.9% |
| Amherst | $307.2K | $330.5K | +7.6% |
| East Amherst | $426.2K | $445K | +4.4% |
| Cambria | $290K | $300K | +3.4% |
Housing Supply in Pendleton, NY
How many homes are available in Pendleton, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 27 | +35.0% |
Summary: The Pendleton real estate market had 27 homes for sale in May 2024, a 35.0% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Pendleton 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 50%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
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 Pendleton, 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 Pendleton in May 2024, the same as the previous 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 Pendleton, NY
How long does it take to sell a home in Pendleton, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 17 Days | +106.1% |
Summary: Homes in Pendleton had an average of 17 days on market in May 2024, up by 106.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pendleton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Pendleton; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
