Is Gowanda, 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, Gowanda has remained a Seller's Market.
Key Takeaway
Gowanda is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gowanda, NY
How much do homes in Gowanda, NY cost?
Median Sold Price
$161,000
$106/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in Gowanda has remained the same since last year.
Summary: The median home sold price in Gowanda was $161,000 in May 2024, the same as last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $113K | $113.5K | 0.4% |
| 3 Bedrooms | $147K | $182.5K | +24.1% |
| 4 Bedrooms | $164K | $170K | +3.7% |
| 5+ Bedrooms | $223.5K | $114.9K | -48.6% |
Summary: Gowanda 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 0.4%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 48.6%.
Median Sold Price Compared To Nearby Cities
| Collins | $166K | $184.2K | +11.0% |
| Gowanda | $161K | $161K | 0.0% |
Housing Supply in Gowanda, NY
How many homes are available in Gowanda, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The Gowanda real estate market had 12 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Gowanda 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gowanda, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Gowanda in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Gowanda, NY
How long does it take to sell a home in Gowanda, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 49 Days | +272.2% |
Summary: Homes in Gowanda had an average of 49 days on market in May 2024, up by 272.2% compared to last year.
Breakdown of Home Sale Times
2 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 Gowanda are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Gowanda; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
