Is Newfane, 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, Newfane has remained a Seller's Market.
Housing Prices in Newfane, NY
How much do homes in Newfane, NY cost?
Median Sold Price
$230,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Newfane was $230,000 in April 2024, up 21.1% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | - | N/A |
2 Bedrooms | $143K | $158.7K | +11.0% |
3 Bedrooms | $204K | $255K | +25.0% |
4 Bedrooms | $227.5K | $218K | -4.2% |
5+ Bedrooms | $300K | $182K | -39.3% |
Summary: Newfane 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 11%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 39.3%.
Median Sold Price Compared To Nearby Cities
Appleton | $210K | $450K | +114.3% |
Gasport | $182.5K | $249.9K | +37.0% |
Newfane | $190K | $230K | +21.1% |
Burt | $255K | $255K | 0.0% |
Housing Supply in Newfane, NY
How many homes are available in Newfane, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 21 | -8.7% |
Summary: The Newfane real estate market had 21 homes for sale in April 2024, a 8.7% decrease 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 | 3 | 5 | +66.7% |
3 Bedrooms | 12 | 6 | -50.0% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Newfane 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 increased by 66.7%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Newfane in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Newfane, NY
How long does it take to sell a home in Newfane, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 35 Days | +56.4% |
Summary: Homes in Newfane had an average of 35 days on market in Apr 2024, up by 56.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Newfane; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.