Tonawanda Housing Market Report March 2025•Erie County, New York

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Housing Prices in Tonawanda, NY

How much do homes in Tonawanda, NY cost?

Housing Market Conditions

Is Tonawanda, NY a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Tonawanda is a Seller's Market

Difference Since March 2024

Since last year, Tonawanda has remained a Seller's Market.

Insight

Tonawanda is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$239,385$182/SqFt
+$6,385
+2.7%

Based on all homes sold in the last 12 months

Insight

Homes in Tonawanda have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Tonawanda was $239,385 in March 2025, up 2.7% from last year, and the median price per square foot was $182.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
North Tonawanda
+11.2%
Grand Island
+8.6%
Tonawanda
+2.7%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1-$102K
N/A
2$185K$215K
+16.2%
3$231.5K$240K
+3.7%
4$250K$242.5K
-3.0%
5$265.4K$270K
+1.7%

Summary: Tonawanda housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +16.2%. The home price for 3 bedroom homes increased by +3.7%. The home price for 4 bedroom homes decreased by -3.0%. The home price for 5 bedroom homes increased by +1.7%.

How does Tonawanda, NY compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Tonawanda, NY

Housing supply in Tonawanda, NY

How many homes are available in Tonawanda, NY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
86Last MonthMar 2025
942 months agoFeb 2025
-8.5 %
Change MoMFeb – Mar

Summary: The Tonawanda real estate market had 86 homes for sale in Mar 2025, a 8.5 % decrease compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
25Last MonthMar 2025
322 months agoFeb 2025
-21.9 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
100
0.0%
298
-11.1%
35144
-13.7%
42524
-4.0%
5910
+11.1%

Summary: Tonawanda housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -11.1%. The inventory for 3 bedroom homes decreased by -13.7%. The inventory for 4 bedroom homes decreased by -4.0%. The inventory for 5 bedroom homes increased by +11.1%.

Asking Price vs. Sold Price

How much do homes in Tonawanda, NY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price16 Homes

At Asking Price2 Homes

Under Asking Price7 Homes

Insight

If you're buying a home in Tonawanda, you could pay more than the asking price. 64% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in Tonawanda in March 2025, down by 21.9% month-over-month. Of the 25 sold homes, 28% were sold under asking, 8% were sold at asking, and and 64% were sold over asking.

Days on Market for Tonawanda, NY

How long does it take to sell a home in Tonawanda, NY?

Breakdown of Home Sale Times

Under 30 Days17 Homes

30 – 90 Days7 Homes

Over 90 Days1 Home

Insight

Many homes in Tonawanda are selling fast, if you're buying plan to act quickly.

Summary: During March 2025, 25 homes were sold in Tonawanda; 68% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
26 DaysThis YearMar 2025
22 Days1 year agoMar 2024
+22.2 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Tonawanda had an average listing age of 26 days in Mar 2025, up by 22.2% compared to the previous year.

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Newest Listings in Tonawanda, NY

What homes are available in Tonawanda, NY?

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Nearby markets

Popular Cities with Homes for Sale in New York

MLS Disclaimers and Copyright

Based on information from New York State Alliance of MLS, for the period 04/01/2023 - 04/01/2025

IDXThe 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: 4/4/2025, 2:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.