Grand Island NY Real Estate Market Report

Grand Island, is situated between Buffalo and Niagara Falls and is ideally located for those that want to live in Western New York.   Grand Island is home to Fantasy Island and Fucillio Autos and is a great place to call home!   Communities within Grand Island include:

  • Falconwood – A hamlet on the southeast shore of the town.
  • Ferry Village – A hamlet on the border of Beaver Island State Park.
  • Hennepin Road – Road within Grandyle Village named after a French explorer, Louis Hennepin, who observed and described Niagara Falls in 1677.
  • Oakfield – A location north of Beaver Island State Park.
  • Sheenwater – A location on the west shore of the island.
  • Grandyle Village – A small neighborhood located near Beaver Island parkway and the South Grand Island Bridge.
  • Sandy Beach – A hamlet in the northeast shore of the island.
  • Fairview Court – A hamlet in the southwest shore of the island.
  • Sour Springs Grove – A location by the shore in the southeast part of the town.

Current Market Conditions on Grand Island

September 6, 2014

  • There are 77 active listings on Grand Island with an average list price of $292,252 List prices range from a low of $59,900 to a high list price of $1,890,000.
  • There are 43 pending/under contract sales and in the past 30 days there has been 24 closed sales with an average sold price of $222,150 spending an average of 53 days on the market
  • YTD there has been 137 closed sales with an average sold price of $198,777 spending an average of 60 days on the market

A Selection of Grand Island Homes for Sale

Past Market Reports:

March 15, 2014

  • There are 88 active listings on Grand Island with an average list price of $231,654 List prices range from a low of $80,000 to a high list price of $599,900.
  • There are 38 pending/under contract sales and in the past 30 days there has been 7 closed sales with an average sold price of $171,500 spending an average of 116 days on the market
  • YTD there has been 27 closed sales with an average sold price of $181,221 spending an average of 53 days on the market
  • In 2013 there were 214 closed sales with an average sold price of $200,508 spending an average of 64 days on the market

November 17, 2013

  • There are 97 active listings on Grand Island with an average list price of $241,265 List prices range from a low of $1 to a high list price of $999,000.
  • There are 44 pending/under contract sales and in the past 30 days there has been 19 closed sales with an average sold price of $210,999 spending an average of 81 days on the market
  • YTD there has been 180 closed sales with an average sold price of $198,335 spending an average of 74 days on the market

September 15, 2013

  • There are 103 active listings on Grand Island with an average list price of $262,234 List prices range from a low of $100,000 to a high list price of $999,000.
  • There are 44 pending/under contract sales and in the past 30 days there has been 19 closed sales with an average sold price of $213,459 spending an average of 62 days on the market
  • YTD there has been 136 closed sales with an average sold price of $193,914 spending an average of 65 days on the market

July 4, 2013

  • There are 104 active listings on Grand Island with an average list price of $262,944 List prices range from a low of $99,900 to a high list price of $999,000.
  • There are 54 pending/under contract sales and in the past 30 days there has been 15 closed sales with an average sold price of $179,224 spending an average of 48 days on the market
  • YTD there has been 80 closed sales with an average sold price of $192,443 spending an average of 72 days on the market

May 26, 2013

  • There are 97 active listings on Grand Island with an average list price of $269,647 List prices range from a low of $60,000 to a high list price of $1,750,000.
  • There are 53 pending/under contract sales and in the past 30 days there has been 10 closed sales with an average sold price of $180,378 spending an average of 54 days on the market
  • YTD there has been 58 closed sales with an average sold price of $198,597 spending an average of 80 days on the market

March 24, 2013

  • There are 80 active listings on Grand Island with an average list price of $287,062 List prices range from a low of $60,000 to a high list price of $1,750,000.
  • There are 35 pending/under contract sales and in the past 30 days there has been 7 closed sales with an average sold price of $224,950 spending an average of 56 days on the market
  • YTD there has been 33 closed sales with an average sold price of $215,300 spending an average of 84 days on the market

January 1, 2013

  • There are 79 active listings on Grand Island with an average list price of $238,239. List prices range from a low of $70,000 to a high list price of $500,000.
  • There are 34 pending/under contract sales and in the past 30 days there has been 12 closed sales with an average sold price of $190,706 spending an average of 88 days on the market
  • In 2012 there was 210 closed sales with an average sold price of $190,853 spending an average of 80 days on the market

November 7, 2012

  • There are 104 active listings on Grand Island with an average list price of $240,775. List prices range from a low of $70,000 to a high list price of $725,000.
  • There are 51 pending/under contract sales and in the past 30 days there has been 17 closed sales with an average sold price of $198,825 spending an average of 66 days on the market
  • YTD there has been 174 closed sales with an average sold price of $189,879 spending an average of 83 days on the market

July 13, 2012

  • There are 115 active listings on Grand Island with an average list price of $233,433. List prices range from a low of $79,900 to a high list price of $775,000.
  • There are 53 pending/under contract sales and in the past 30 days there has been 20 closed sales with an average sold price of $187,279 spending an average of 77 days on the market
  • YTD there has been 100 closed sales with an average sold price of $180,848 spending an average of 86 days on the market

June 10, 2012

  • There are 121 active listings on Grand Island with an average list price of $241,419. List prices range from a low of $82,900 to a high list price of $849,000.
  • There are 52 pending/under contract sales and in the past 30 days there has been 11 closed sales with an average sold price of $164,673 spending an average of 37 days on the market
  • YTD there has been 72 closed sales with an average sold price of $178,420 spending an average of 90 days on the market

May 6, 2012

  • There are 111 active listings on Grand Island with an average list price of $247,213. List prices range from a low of $84,500 to a high list price of $849,000.
  • There are 59 pending/under contract sales and in the past 30 days there has been 7 closed sales with an average sold price of $149,371 spending an average of 29 days on the market
  • YTD there were 48 closed sales with an average sold price of $177,502 spending an average of 111 days on the market

April 2, 2012

  • There are 118 active listings on Grand Island with an average list price of $241,419. List prices range from a low of $82,900 to a high list price of $650,000.
  • There are 46 pending/under contract sales and in the past 30 days there has been 8 closed sales with an average sold price of $233,877 spending an average of 167 days on the market
  • YTD there were 32 closed sales with an average sold price of $187,469 spending an average of 122 days on the market

March 18, 2012

  • There are 113 active listings on Grand Island with an average list price of $239,486. List prices range from a low of $82,900 to a high list price of $280,000.
  • There are 42 pending/under contract sales and in the past 30 days there has been 9 closed sales with an average sold price of $180,089 spending an average of 92 days on the market
  • YTD there were 26 closed sales with an average sold price of $170,692 spending an average of 111 days on the market

January 30, 2012

  • There are 116 active listings on Grand Island with an average list price of $235,175 . List prices range from a low of $72,900 to a high list price of $639,900.
  • There are 33 pending/under contract sales and in the past 30 days (also YTD #’s for this report) there has been 5 closed sales with an average sold price of $167,340 spending an average of 59 days on the market

December 20, 2011

  • There are 118 active listings on Grand Island with an average list price of $246,774 . List prices range from a low of $78,500 to a high list price of $650,000.
  • There are 34 pending/under contract sales and in the past 30 days there has been 14 closed sales with an average sold price of $184,886 spending an average of 73 days on the market
  • YTD there has been 188 closed sales with an average sold price of $189,655  spending an average of 76 days on the market

September 26, 2011

  • There are 139 active listings on Grand Island with an average list price of $245,428 . List prices range from a low of $57,900 to a high list price of $639,900.
  • There are 47 pending/under contract sales and in the past 30 days there has been 13 closed sales with an average sold price of $195,333 spending an average of 87 days on the market
  • YTD there has been 137 closed sales with an average sold price of $184,349 spending an average of 80 days on the market
    • Highest – $490,500 – 485 days on the market
    • Lowest – $42,000 – zero days on the market

    April 4, 2011

    • There are 141 active listings on Grand Island with an average list price of $256,258 . List prices range from a low of $75,000 to a high list price of $800,000.
    • There are 44 pending/under contract sales and in the past 30 days there has been 7 closed sales with an average sold price of $181,643 spending an average of 84 days on the market
    • YTD there has been 11 closed sales with an average sold price of $178,979  spending an average of 87 days on the market
      • Highest – $490,500 – 219 days on the market
      • Lowest – $50,000 – 4 days on the market

    January 27, 2011

    • There are 137 active listings on Grand Island with an average list price of $266,170 ranging from $65,000 to $800,000
    • There are 26 pending/under contract sales and in the past 30 days there has been 12 closed sales with an average sold price of $162,492 spending an average of 91 days on the market
    • YTD there has been 11 closed sales with an average sold price of $158,627 spending an average of 93 days on the market
      • Highest – $231,500 – 165 days on the market
      • Lowest – $107,000 – 8 days on the market

    January 8, 2011

    • There are 132 active listings with an average list price of $263,761 ranging from $64,900 to $800,000
    • There are 31 pending/under contract sales and in the past thirty days there has been 7 closed sales with an average sod price of #143,786 spending an average of 73 days on the market
    • Year to date there has been 2 closed sales with an average sold price of $168,000 spending an average of 123 days on the market
      • highest closed – $224,000 – 146 days on the market
      • lowest closed – $112,00 – 100 days on the market

    November 20, 2010

    • There are 149 active listings with an average list price of $259,554 ranging from $50,000 to $800,000 with days on market:
      • 0-30 days- 16.78%
      • 31-60 days – 20.13%
      • 61-90 days – 13.42%
      • 91-120 days – 10.07%
      • 120+ days – 38.93%
    • There is 36 pending/under contract sale and in the past 30 days there has been 10 closed sales with an average sale price of $162,440 and 64 days on the market.
    • YTD there has been 172 closed sales with an average sold price of $162,440 spending an average of 64 days on the market
      • Highest closed – $470,000 – 455 days on the market
      • Lowest closed – $22,000 – 0 days on the market
      • Of the closed sales 39.53% of the sales closed under 30 days

    October 10, 2010

    • There are 148 active listings in Grand Island with an average list price of $251,385 ranging from $79,000 to $800,000
    • There are 40 pending/under contract sales and in the past thirty days there has been 5 closed sales with an average sold price of $227,580 spending an average of 44 days on the market
    • YTD there has been 149 closed sales with an average closed price of $179,887 spending an average of 66 days on the market
      • Highest closed – $470,000 – 455 days on the market
      • Lowest closed – $22,000 – zero days on the market

    August 19, 2010

    • There are 150 active listings with an average list price of $257,435 ranging from $24,900 to $875,000
    • There are 27 pending/under contract sales and in the past 30 days there has been 12 closed sales with an average sold price of $212,450 spending an average of 83 days on the market
    • YTD there were 134 closed sales with an average sold price of $182,036 spending an average of 68 days on the market
      • Highest closed – $445,000 – 455 days on the market
      • Lowest closed – $35,000 – zero days on the market

    July 5, 2010

    • There are 139 active listings with an average list price of $266,051 ranging from $89,900 to $950,000
    • There are 40 pending/under contract sales and in the past 30 days there has been 27 closed sales with an average sold price of $183,724 spending an average of 42 days on the market
    • YTD there has been 108 closed sales with an average sold price of $174,596 spending an average of  68 days on the market
      • Highest closed – $366,000 – 455 days on the market
      • Lowest closed – $35,000 – zero days on the market

    June 11, 2010

    • There are 131 active listings with an average list price of $269,142 ranging from $86,900 to $950,000
    • There are 60 pending/under contract sales and in the past 30 days there has been 22 closed sales with an average sold price of $161,318 spending an average of 77 days on the market
    • YTD there has been 79 days on the market with an average sold price of $172,759 spending an average of 77 days on the market
      • Highest closed – $365,000 – 455 days on the market
      • Lowest closed – $35,000 – zero days on the market

    May 9, 2010

    • There are 113 active listings with an average list price of $266,107 ranging from $80,000 to $950,000
    • There are 67 pending/under contract sales and in the past 30 days there were 12 closed sales with an average closed price of $149,947 spending an average of 62 days on the market
    • There are 54 closed sales YTD with an average closed sale $180,605 spending an average 78 days on the market
      • Highest closed – $365,000 – 358 days on the market
      • Lowest closed – $53,500 – zero days on the market

    April 11, 2010

    • There are 107 active listings with an average list price of $264,048 ranging from $89,000 to $950,000
    • There are 5 pending/under contract sales and in the past 30 days there were 10 closed sales with an average closed price of $191,340 spending an average of 75 days on the market
    • YTD there are 39 closed sales with an average closed price of 184,482 spending an average of 77 days on the market
      • Highest closed – $365,000 – 256 days on the market
      • Lowest closed – $53,500 – 3 days on the market

    March 1, 2010

    • There are currently 87 active single family homes for sale on Grand Island with an average list price of $243,566 ranging from $78,000 to $575,000
    • There are 9 pending/under contract sales and in the past 30 days there has been 13 closed sales with an average closed price of $177,476 spending an average of 99 days on the market
    • YTD there has been 21 closed sales with an average closed price of $190,814 spending an average of 85 days on the market
      • Highest sold – $349,000 – 256 days on the market
      • Lowest sold – $85,000 – 3 days on the market

    February 1, 2010

    • There are 84 active listings with an average list price of $233,706 ranging from $59,900 to $575,000
    • There are 9 under contract/pending sales on Grand Island with 6 closed sales in the past 30 days with an average closed price of $222,816 spending an average of 33 days on the market
    • In 2009 there were a total of 177 closed sales on Grand Island with an average closed price of $183,548 spending an average of 65 days on the market
    • Highest closed – $ 625,000 – 384 days on the market
    • Lowest closed – $35,000 – zero days on the market

    November 17, 2009

    • There are currently 96 active listings with an average list price of $234,691 ranging from $69,900 to $589,987
    • There are 35 pending sales and in the past 30 days there has been 8 closed sales with an average closed price of $168,125 spending an average of 35 days on the market
    • Year to date there are 148 closed sales with an average closed price of $188,801 spending an average of 66 days on the market
      • Highest sold – $574,000 – 384 days on the market
      • Lowest sold – $48,100 – zero days on the market

    Active/pending/prior 30 days

    Date # of Active Average
    List Price
    Highest
    List Price
    Lowest
    List Price
    # Pending
    Sale
    # closed sales
    past 30 days
    Average Closed
    Price
    Average
    DOM
    October 16, 2009 98 $242,374 $999,900 $70,000 38 10 $178,890 41
    August 3, 2009 92 $246,806 $999,900 $49,900 5 17 $200,389 59
    July 4, 2009 108 $246,401 $999,900 $49,900 6 10 $172906 71
    May 2, 2009 78 $260,782 $1,199,900 $64,900 5 14 $178,578 66
    March 19, 2009 81 $251,783 $739,000 $64,900 1 11 $240,000 125
    December 31, 2008 83 $257,3900 $749,500 $64,900 5 0 0
    December 2, 2008 85 $247,437 $699,999 $64,900 3 13 $173,488 109
    November 12, 2008 97 $244,983 $799,000 $64,900 4 13 $225,869 74
    September 3, 2008 105 $229,347 0 17 $209,156 56
    August 6, 2008 105 $246,330 $799,000 $70,000 2 22 $198,382 38
    July 14, 2008 108 $257,863 $899,000 $77,900 3 15 $195,500 58
    March 20, 2008 87 $266,187 $799,500 $64,000 1 17 $186,671 61
    May 2, 2008 93 $259,933 $799,000 $69,000 5 15 $193,933 53

    Year to Date Closed Stats

    Date # Closed
    to date
    Average Closed DOM Highest Closed DOM Lowest Closed DOM
    October 16, 2009 136 $190,471 69 $574,000 384 $48,100 0
    August 3, 2009 91 $187,076 68 $419,000 287 $48,100 1
    July 4, 2009 73 $184,380 70 $350,000 287 $79,900 1
    May 2, 2009 45 $186,178 82 $350,000 287 $79,500 1
    March 19, 2009 23 $191,968 99 $350,000 210 $79,500 9
    December 31, 2008 198 $189,320 64 $650,000 240 $41,600 0
    December 2, 2008 186 $188,575 65 $650,000 290 $41,600 0
    November 12, 2008 175 $189,857 63 $650,000 290 $41,600 0
    September 3, 2008 131 $182,241 58 $650,000 290 $41,600 0
    August 6, 2008 114 $176,228 58 $41,600 290
    March 20, 2008 34 $160,000 65 $442,500 259 $41,600 290
    May 2, 2008 57 $182,221 62 $442,500 259 $95,000 0

    Thinking of selling your Western New York home? Interested in finding out the current market value of your single family home, condo or investment property? Then call www.BestBuffaloHomes.com at (716) 650-0051 to discuss what is happening in today’s Western New York Real Estate Market. We would be happy to give you a personalized Comparative Market Analysis for your home or assist you to purchase a home. View additional WNY Market Area Statistics here.

    Thinking of selling your Grand Island home? Interested in finding out the current market value of your single family home, condo or investment property? Then call www.BestBuffaloHomes.com at (716) 650-0051 to discuss what is happening in today’s Western New York Real Estate Market. We would be happy to give you a personalized Comparative Market Analysis for your home or assist you to purchase a home. View additional WNY Market Area Statistics here.

    What about one of these homes?

    All Statistics are gathered from the Buffalo Niagara Association of REALTORS®.
     
     
     
    Properties found on this Web site may be listed with a brokerage other than the owner of this site and are displayed here via the Internet Data Exchange (IDX) system of this broker’s MLS. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing nor displaying broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2014 Western New York Real Estate Information Services (WNYREIS), LLC. All rights reserved.
     
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About Colleen Kulikowski, Associate Real Estate Broker (716) 650-0051

Colleen Kulikowski is an Associate Real Estate Broker with J. Philip Real Estate specializing in Western New York residential homes who doesn’t follow trends; she blazes new trails and is able to recognize industry trends and implement them to her client’s best interest. Colleen has created a unique following with one of the top local internet positions in the country generating thousands of leads for her team. Real Estate is a second career for Kulikowski who’s first career was in Information Technology and Data Warehousing working for such companies as Radio City Music Hall, Nabisco Foods and as a consultant in the Financial and Insurance industries. A strong background in technology and management provides her with keen analytical and sharp negotiating skills.

Comment

  • Charlotte NC Homes

    June 17, 2009 at 9:17 am

    The Buffalo real estate market sounds like a happening place… lots to choose from. Much reminds me of my home market of Charlotte, NC.

  • Lease Purchase Agreement

    July 7, 2009 at 11:29 am

    thanks !! very helpful post!

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