Is Elma, 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, Elma was a Neutral Market.
Housing Prices in Elma, NY
How much do homes in Elma, NY cost?
Median Sold Price
$381,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Elma was $381,000 in April 2024, up 2.5% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145.5K | - | N/A |
2 Bedrooms | $260.5K | $349.9K | +34.3% |
3 Bedrooms | $351.2K | $350K | -0.4% |
4 Bedrooms | $467K | $395K | -15.4% |
5+ Bedrooms | $455.5K | $425K | -6.7% |
Summary: Elma housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.3%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 6.7%.
Median Sold Price Compared To Nearby Cities
Aurora | $390K | $400K | +2.6% |
Elma | $371.7K | $381K | +2.5% |
Marilla | $335K | $321.7K | -4.0% |
Housing Supply in Elma, NY
How many homes are available in Elma, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 28 | +3.7% |
Summary: The Elma real estate market had 28 homes for sale in April 2024, a 3.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 12 | 15 | +25.0% |
4 Bedrooms | 9 | 7 | -22.2% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Elma housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Elma in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Elma, NY
How long does it take to sell a home in Elma, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 5 Days | -81.0% |
Summary: Homes in Elma had an average of 5 days on market in Apr 2024, down by 81% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Elma; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.