WNY Single-family homes Market Report for the $250,000-$500,0000

Current Market Conditions (Niagara & Erie Counties)

January 29, 2012

There are 550 active listings with an average list price of $38,943 ranging from $250,000 to $525,000
There are 113 pending/under contract sales and in the past 30 days there has been 19 closed sales with an average sold price of $316,540 spending an average of 69 days on the market
YTD there has been 16 closed sales with an average sold price of $328,704 spending an average of 76 days on the market

Highest – $485,000 – 32 days on the market
Lowest – $245,000 – 0 days on the market

Selection of Homes for sale

Historic Data

Western New York is comprised of seven counties, this market report is for Niagara and Erie Counties single-family homes for the price range of $250,000 – $500,000. Here is a historic look at what has happened in this price range:

2011 - 737 homes sold – Average sold price $314,553 – Average of 71 days on the Market
2010 – 679 homes sold – Average sold price $311,528 – Average of 70 days on the Market
2009 – 691 homes sold – Average sold price $311,821 – Average of 71 days on the Market
2008 – 758 homes sold – Average Sold price $316,531 0 Average of 64 days on the Market
2007 – 799 homes sold – Average Sold price $317,050 – Average of 65 Days on the Market
2006 – 711 homes sold – Average Sold price $321,070 – Average of 66 Days on the Market
2005 – 704 homes sold – Average Sold price $321,448 – Average of 58 Days on the Market
2004 – 613 homes sold – Average Sold price $320,153 – Average of 57 Days on the Market
2003 – 411 homes sold – Average Sold price $313,366 – Average of 62 Days on the Market
2002 – 352 homes sold – Average Sold price $308,985 – Average of 63 Days on the Market
2001 – 304 homes sold – Average Sold price $305,750 – Average of 76 Days on the Market
2000 – 304 homes sold – Average Sold price $311,222 – Average of 69 Days on the Market

Past Market Reports

July 2, 2011

There are 731 active listings with an average list price of $335,874 ranging from $250,000 to $534,500
There are 218 pending/under contract sales and in the past 30 days there has been 53 closed sales with an average sold price of $298,148 spending an average of 69 days on the market

June 12, 2011

There are 712 active single family homes in this price range in Niagara and Erie counties with an average list price of $336,473 ranging from $250,000 to $534,500
There are 215 pending/under contract sales and in the past 30 days there has been 39 closed sales with an average sold price of #401,429 spending an average of 57 days on the market
YTD there has been 223 closed sales with an average sold price of $312,605 spending an average of 81 days on the market
Highest sold – $490,500 – 931 days on the market

April 24, 2011

There are 765 active listings with an average list price of $334,668 ranging from $250,000 to $529,900
There are 161 pending/under contract sales and in the past 30 days there has been 29 closed sales with an average sold price of $303,521 spending an average of 95 days on the market
YTD there has been 152 closed sales with an average sold price of $314,061 spending an average of 93 days on the market
- Highest closed – $490,500 – 598 days on the market
- Lowest closed – $2,150 – zero days on the market
March 26, 2011
- There are 737 active listings in this price range of homes for sale in Western New York. The average list price of $334,505 ranging from $250,000 to $549,900
- There are 131 pending/under contract sales and in the past 30 days there has been 26 closed sales with an average sold price of $298,085 spending an average of 119 days on the market
  - Highest closed – $490,500 – 598 days on the market
  - Lowest closed – $2,150 – zero days on the market
November 30, 2010
- 636 active listings with an average list price of $331,103 ranging from $250,000 to $569,000
- There are 146 pending/under contract sales and in the past 30 days
- YTD there has been 1,461 closed sales with an average sold price of of $311,528 spending an average of 70 days on the market
  - Highest closed – $530,000 – 745 days on the market
  - Lowest closed – $155,000 – zero days on the market
April 14, 2008

This year currently sales of single-family homes is as follows:
- Year to date sales total 131 closed sales averaging $312,748 and spent an average of 70 days on the market (DOM) Highest sold YTD home sold for $490,000 (221 DOM) and lowest in this price range sold for $220,000 (0 DOM)
- In the past 30 days 38 homes sold averaging $318,869 and an average of 74 days on the market. Highest sold for $479,900 (221 DOM) and lowest sold in this price range sold for $254,900 (0 DOM)
- There are currently 535 active single-family homes for sale and 19 pending sales with an average list price of $342,900. Highest is listed at $499,999 and lowest listed for $250,000. Thinking of selling your Williamsville home?
Thinking of selling your Erie County 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.

Our Featured Homes for Sale:

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. © 2012 Western New York Real Estate Information Services (WNYREIS), LLC. All rights reserved.