Is West Seneca, 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, West Seneca has remained a Seller's Market.
Housing Prices in West Seneca, NY
How much do homes in West Seneca, NY cost?
Median Sold Price
$251,100
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West Seneca was $251,100 in May 2024, up 6.2% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $95K | N/A |
2 Bedrooms | $168K | $185K | +10.1% |
3 Bedrooms | $235.4K | $260K | +10.4% |
4 Bedrooms | $290K | $257.7K | -11.1% |
5+ Bedrooms | $230K | $298.7K | +29.9% |
Summary: West Seneca 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 10.1%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 29.9%.
Median Sold Price Compared To Nearby Cities
Lackawanna | $167K | $194K | +16.2% |
Cheektowaga | $200.8K | $220K | +9.5% |
West Seneca | $236.4K | $251.1K | +6.2% |
Buffalo | $224.8K | $229.9K | +2.3% |
Elma | $372.5K | $375K | +0.7% |
Housing Supply in West Seneca, NY
How many homes are available in West Seneca, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
109 | 111 | +1.8% |
Summary: The West Seneca real estate market had 111 homes for sale in May 2024, a 1.8% 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 | 20 | 22 | +10.0% |
3 Bedrooms | 55 | 58 | +5.5% |
4 Bedrooms | 28 | 25 | -10.7% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The West Seneca 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 10%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 22 | +4.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in West Seneca in May 2024, up by 4.8% month-over-month. Of the 22 sold homes, 23% were sold under asking, 5% were sold at asking, and 73% were sold over asking.
Days on Market for West Seneca, NY
How long does it take to sell a home in West Seneca, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 18 Days | +36.0% |
Summary: Homes in West Seneca had an average of 18 days on market in May 2024, up by 36% compared to last year.
Breakdown of Home Sale Times
19 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, 22 homes were sold in West Seneca; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.