39 minutes on Rocket
$1,781 Closing Credit¹
#B1592421, Awais Rehman, Listing Office: Red Door Real Estate WNY LLC
Niagara Falls Housing Market Report February 2025•Niagara County, New York
Housing Prices in Niagara Falls, NY
How much do homes in Niagara Falls, NY cost?
Housing Market Conditions
Is Niagara Falls, NY a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Niagara Falls is a Neutral Market
Difference Since February 2024
At the same time last year, Niagara Falls was a Seller's Market.
Insight
Niagara Falls is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$152,816$110/SqFt
+$13,636
+9.8%
Based on all homes sold in the last 12 months
Insight
Homes in Niagara Falls have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Niagara Falls was $152,816 in February 2025, up 9.8% from last year, and the median price per square foot was $110.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Niagara | $190K | $220K | +15.8% |
| Wheatfield | $345K | $385K | +11.6% |
| Niagara Falls | $139.1K | $152.8K | +9.8% |
| Grand Island | $344.7K | $373.5K | +8.3% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $140K | $120.5K | -13.9% |
| 22 Bedrooms | $103K | $102.5K | -0.5% |
| 33 Bedrooms | $149.9K | $165K | +10.0% |
| 44 Bedrooms | $136.5K | $149.9K | +9.9% |
| 55+ Bedrooms | $119.9K | $165K | +37.6% |
Summary: Niagara Falls housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -13.9%. The home price for 2 bedroom homes decreased by -0.5%. The home price for 3 bedroom homes increased by +10.0%. The home price for 4 bedroom homes increased by +9.9%. The home price for 5 bedroom homes increased by +37.6%.
How does Niagara Falls, NY compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Niagara Falls, NY
Housing supply in Niagara Falls, NY
How many homes are available in Niagara Falls, NY?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 189Last MonthFeb 2025 | ||
| 2122 months agoJan 2025 | -10.8 % Change MoMJan – Feb |
Summary: The Niagara Falls real estate market had 189 homes for sale in Feb 2025, a 10.8 % decrease compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 31Last MonthFeb 2025 | ||
| 512 months agoJan 2025 | -39.2 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 33 Bedrooms | 106 | 87 | -17.9% |
| 11 Bedroom | 1 | 3 | +200.0% |
| 22 Bedrooms | 32 | 23 | -28.1% |
| 44 Bedrooms | 37 | 37 | 0.0% |
| 55+ Bedrooms | 36 | 39 | +8.3% |
Summary: Niagara Falls housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 3 bedroom homes decreased by -17.9%. The inventory for 1 bedroom homes increased by +200.0%. The inventory for 2 bedroom homes decreased by -28.1%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +8.3%.
Asking Price vs. Sold Price
How much do homes in Niagara Falls, NY cost?
Over Asking Price8 Homes
At Asking Price2 Homes
Under Asking Price21 Homes
Insight
If you're buying a home in Niagara Falls, you may be able to get a good deal. 67.7% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Niagara Falls in February 2025, down by 39.2% month-over-month. Of the 31 sold homes, 68% were sold under asking, 6% were sold at asking, and and 26% were sold over asking.
Days on Market for Niagara Falls, NY
How long does it take to sell a home in Niagara Falls, NY?
Breakdown of Home Sale Times
Under 30 Days17 Homes
30 – 90 Days11 Homes
Over 90 Days3 Homes
Insight
Many homes in Niagara Falls are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 31 homes were sold in Niagara Falls; 55% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 38 DaysThis YearFeb 2025 | ||
| 40 Days1 year agoFeb 2024 | -3.4 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Niagara Falls had an average listing age of 38 days in Feb 2025, down by 3.4% compared to the previous year.
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Newest Listings in Niagara Falls, NY
What homes are available in Niagara Falls, NY?
7 hours on Rocket
$1,780 Closing Credit¹
#B1592968, Brian Hillery, Listing Office: HUNT Real Estate Corporation
1 day on Rocket
$1,752 Closing Credit¹
#B1592121, Barbara McGaffin-Okonczak, Listing Office: Berkshire Hathaway Homeservices Zambito Realtors
1 day on Rocket
$1,294 Closing Credit¹
#B1592781, Garett R Farrugia, Listing Office: Robert E. Schaff, Ltd
1 day on Rocket
$1,269 Closing Credit¹
#B1592844, Terri A Schiro, Listing Office: Hooper Realty
1 day on Rocket
$2,791 Closing Credit¹
#B1592473, Alisa M Talarico, Listing Office: Century 21 North East
2 days on Rocket
$949 Closing Credit¹
#B1592208, Louis S Rizzo, Listing Office: Howard Hanna WNY Inc.
3 days on Rocket
$1,483 Closing Credit¹
#B1592246, Sharon A Gadacz, Listing Office: Howard Hanna WNY Inc.
3 days on Rocket
$866 Closing Credit¹
#B1591637, Pushpa Gunatilake, Listing Office: Pioneer Star Real Estate Inc.
6 days on Rocket
$2,351 Closing Credit¹
#B1591653, Awais Rehman, Listing Office: Red Door Real Estate WNY LLC
7 days on Rocket
$1,649 Closing Credit¹
#B1591452, Pushpa Gunatilake, Listing Office: Pioneer Star Real Estate Inc.
$3,561 Closing Credit¹
#B1591472, Jayson Parker, Listing Office: Iconic Real Estate
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MLS Disclaimers and Copyright
Based on information from New York State Alliance of MLS, for the period 03/01/2023 - 03/01/2025
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.
© 2025 CNYIS, UNYREIS, WNYREIS. 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: 3/13/2025, 7:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.