New - 6 hours on Rocket
$1,127 Closing Credit¹
Jesse A. Ells, Listing Office: Howard Hanna
Allegany County Housing Market Report December 2024•Allegany County, New York
Housing Prices in Allegany County, NY
How much do homes in Allegany County, NY cost?
Housing Market Conditions
Is Allegany County, NY a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Allegany County is a Seller's Market
Difference Since December 2023
Since last year, Allegany County has remained a Seller's Market.
Insight
Allegany County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$131,125$84/SqFt
+$10,875
+9.0%
Based on all homes sold in the last 12 months
Insight
Homes in Allegany County have sold for 9% more than they did a year ago.
Summary: The median home sold price in Allegany County was $131,125 in December 2024, up 9% from last year, and the median price per square foot was $84.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Livingston County | $203.7K | $230K | +12.9% |
| Cattaraugus County | $144.9K | $158.5K | +9.4% |
| Allegany County | $120.2K | $131.1K | +9.0% |
| Steuben County | $154.6K | $165.7K | +7.2% |
| Wyoming County | $164.1K | $175K | +6.6% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $72K | $60K | -16.7% |
| 22 Bedrooms | $100.7K | $97K | -3.7% |
| 33 Bedrooms | $125K | $141K | +12.8% |
| 44 Bedrooms | $150K | $157.4K | +5.0% |
| 55+ Bedrooms | $174.5K | $175K | 0.3% |
Summary: Allegany County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -16.7%. The home price for 2 bedroom homes decreased by -3.7%. The home price for 3 bedroom homes increased by +12.8%. The home price for 4 bedroom homes increased by +5.0%. The home price for 5 bedroom homes increased by 0.3%.
Housing supply in Allegany County, NY
How many homes are available in Allegany County, NY?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 134Last MonthDec 2024 | ||
| 1612 months agoNov 2024 | -16.8 % Change MoMNov – Dec |
Summary: The Allegany County real estate market had 134 homes for sale in Dec 2024, a 16.8 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 23Last MonthDec 2024 | ||
| 242 months agoNov 2024 | -4.2 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 5 | 5 | 0.0% |
| 22 Bedrooms | 34 | 23 | -32.4% |
| 33 Bedrooms | 59 | 52 | -11.9% |
| 44 Bedrooms | 44 | 38 | -13.6% |
| 55+ Bedrooms | 19 | 16 | -15.8% |
Summary: Allegany County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -32.4%. The inventory for 3 bedroom homes decreased by -11.9%. The inventory for 4 bedroom homes decreased by -13.6%. The inventory for 5 bedroom homes decreased by -15.8%.
Asking Price vs. Sold Price
How much do homes in Allegany County, NY cost?
Over Asking Price5 Homes
At Asking Price6 Homes
Under Asking Price12 Homes
Insight
If you're buying a home in Allegany County, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Allegany County in December 2024, down by 4.2% month-over-month. Of the 23 sold homes, 52% were sold under asking, 26% were sold at asking, and and 22% were sold over asking.
Days on Market for Allegany County, NY
How long does it take to sell a home in Allegany County, NY?
Breakdown of Home Sale Times
Under 30 Days14 Homes
30 – 90 Days9 Homes
Over 90 Days0 Home
Insight
Many homes in Allegany County are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 23 homes were sold in Allegany County; 61% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 30 DaysThis YearDec 2024 | ||
| 45 Days1 year agoDec 2023 | -32.8 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Allegany County had an average listing age of 30 days in Dec 2024, down by 32.8% compared to the previous year.
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Newest Listings in Allegany County, NY
What homes are available in Allegany County, NY?
New - 1 day on Rocket
$855 Closing Credit¹
Rebecca K Pettit, Listing Office: Homestar Realty
New - 2 days on Rocket
$831 Closing Credit¹
Curtis Amesbury, Listing Office: Weichert Realtors - Lilac Properties
New - 3 days on Rocket
Evan Schaefer, Listing Office: NORCHAR, LLC
New - 4 days on RocketVideo tour
$1,483 Closing Credit¹
Karen Herdman, Listing Office: Landquest Inc.
New - 7 days on Rocket
$652 Closing Credit¹
Eric Schmidt, Listing Office: Warren Real Estate
Thomas P Butler, Listing Office: Southern Tier Realty Co. Inc.
Chelsea Gabel, Listing Office: Howard Hanna WNY Inc.
$593 Closing Credit¹
Brennan Thurber, Listing Office: Howard Hanna
Video tour
$3,324 Closing Credit¹
Karen Herdman, Listing Office: Landquest Inc.
Video tour
$699 Closing Credit¹
Amy Werner, Listing Office: Landquest Inc.
Jennifer R Goetz, Listing Office: Keller Williams Realty WNY
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Based on information from New York State Alliance of MLS, Elmira-Corning Regional Association of REALTORS® MLS, and OneKey MLS for the period 01/01/2023 - 01/01/2025
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/17/2025, 10:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/17/2025, 10:17:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listings courtesy of OneKey MLS as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/17/2025, 10:11:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.