Is Amherst, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Amherst has remained a Seller's Market.
Housing Prices in Amherst, NY
How much do homes in Amherst, NY cost?
Median Sold Price
$330,575
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Amherst was $330,575 in April 2024, up 8.5% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $140K | +7.7% |
2 Bedrooms | $194.4K | $215K | +10.6% |
3 Bedrooms | $286.7K | $311.7K | +8.7% |
4 Bedrooms | $410.5K | $431K | +5.0% |
5+ Bedrooms | $482.5K | $500K | +3.6% |
Summary: Amherst housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
Getzville | $301.5K | $417K | +38.3% |
Amherst | $304.7K | $330.5K | +8.5% |
East Amherst | $425.6K | $450K | +5.7% |
Williamsville | $315K | $330K | +4.8% |
North Tonawanda | $221.9K | $231.7K | +4.4% |
Housing Supply in Amherst, NY
How many homes are available in Amherst, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
260 | 260 | 0.0% |
Summary: The Amherst real estate market had 260 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 73 | 69 | -5.5% |
3 Bedrooms | 98 | 88 | -10.2% |
4 Bedrooms | 63 | 72 | +14.3% |
5+ Bedrooms | 20 | 26 | +30.0% |
Summary: The Amherst housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 62 | +12.7% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in Amherst in April 2024, up by 12.7% month-over-month. Of the 62 sold homes, 34% were sold under asking, 6% were sold at asking, and 60% were sold over asking.
Days on Market for Amherst, NY
How long does it take to sell a home in Amherst, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 14 Days | -47.5% |
Summary: Homes in Amherst had an average of 14 days on market in Apr 2024, down by 47.5% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 62 homes were sold in Amherst; 92% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.