Is Wheatfield, 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, Wheatfield has remained a Seller's Market.
Key Takeaway
Wheatfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wheatfield, NY
How much do homes in Wheatfield, NY cost?
Median Sold Price
$361,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wheatfield have sold for 18.9% more than they did a year ago.
Summary: The median home sold price in Wheatfield was $361,000 in May 2024, up 18.9% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $188K | $340K | +80.9% |
| 3 Bedrooms | $290K | $350K | +20.7% |
| 4 Bedrooms | $402.5K | $432K | +7.3% |
| 5+ Bedrooms | $297.5K | $190K | -36.1% |
Summary: Wheatfield 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 80.9%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 36.1%.
Median Sold Price Compared To Nearby Cities
| Pendleton | $300.5K | $375K | +24.8% |
| Wheatfield | $303.5K | $361K | +18.9% |
| North Tonawanda | $219.9K | $235K | +6.8% |
| Sanborn | $285K | $295K | +3.5% |
| Cambria | $290K | $300K | +3.4% |
Housing Supply in Wheatfield, NY
How many homes are available in Wheatfield, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 39 | +34.5% |
Summary: The Wheatfield real estate market had 39 homes for sale in May 2024, a 34.5% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 16 | 20 | +25.0% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Wheatfield 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 increased by 25%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 11 | +175.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wheatfield, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Wheatfield in May 2024, up by 175.0% month-over-month. Of the 11 sold homes, 9% were sold under asking, 18% were sold at asking, and 73% were sold over asking.
Days on Market for Wheatfield, NY
How long does it take to sell a home in Wheatfield, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 15 Days | -33.6% |
Summary: Homes in Wheatfield had an average of 15 days on market in May 2024, down by 33.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wheatfield are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Wheatfield; 91% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
