Is Allegany County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Allegany County was a Buyer's Market.
Housing Prices in Allegany County, NY
How much do homes in Allegany County, NY cost?
Median Sold Price
$123,500
$85/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Allegany County was $123,500 in April 2024, up 7.4% from last year, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $83K | $68K | -18.1% |
2 Bedrooms | $87K | $100.7K | +15.7% |
3 Bedrooms | $119.5K | $129K | +7.9% |
4 Bedrooms | $130.7K | $150K | +14.7% |
5+ Bedrooms | $169.9K | $172.2K | +1.4% |
Summary: Allegany County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.1%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Counties
Wyoming County | $150K | $165K | +10.0% |
Livingston County | $191.5K | $207.8K | +8.5% |
Allegany County | $115K | $123.5K | +7.4% |
Cattaraugus County | $144.5K | $147.1K | +1.7% |
Steuben County | $148.6K | $148.2K | -0.3% |
Housing Supply in Allegany County, NY
How many homes are available in Allegany County, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
140 | 130 | -7.1% |
Summary: The Allegany County real estate market had 130 homes for sale in April 2024, a 7.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 33 | 29 | -12.1% |
3 Bedrooms | 53 | 49 | -7.5% |
4 Bedrooms | 29 | 32 | +10.3% |
5+ Bedrooms | 21 | 17 | -19.0% |
Summary: The Allegany County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 19%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 19 | -5.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Allegany County in April 2024, down by 5.0% month-over-month. Of the 19 sold homes, 63% were sold under asking, 16% were sold at asking, and 21% were sold over asking.
Days on Market for Allegany County, NY
How long does it take to sell a home in Allegany County, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 67 Days | +90.5% |
Summary: Homes in Allegany County had an average of 67 days on market in Apr 2024, up by 90.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Allegany County; 37% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.