New - 2 days on Rocket
$3,086 Closing Credit¹
#B1589078, Joseph David, Listing Office: Howard Hanna WNY Inc.
Tonawanda Housing Market Report January 2025•Erie County, New York
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?
Seller'sMarket
Buyer'sMarket
Tonawanda is a Seller's Market
Difference Since January 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
$235,367$183/SqFt
+$5,367
+2.3%
Based on all homes sold in the last 12 months
Insight
Homes in Tonawanda have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Tonawanda was $235,367 in January 2025, up 2.3% from last year, and the median price per square foot was $183.
Median Sold Price By Cities
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| North Tonawanda | $225.2K | $255.9K | +13.6% |
| Grand Island | $347.7K | $370K | +6.4% |
| Tonawanda | $230K | $235.3K | +2.3% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $102K | N/A |
| 22 Bedrooms | $186.5K | $215K | +15.3% |
| 33 Bedrooms | $230K | $240K | +4.3% |
| 44 Bedrooms | $249.4K | $243.2K | -2.5% |
| 55+ Bedrooms | $262.7K | $280K | +6.6% |
Summary: Tonawanda housing price by bedroom type for January 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 +15.3%. The home price for 3 bedroom homes increased by +4.3%. The home price for 4 bedroom homes decreased by -2.5%. The home price for 5 bedroom homes increased by +6.6%.
Housing supply in Tonawanda, NY
How many homes are available in Tonawanda, NY?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 91Last MonthJan 2025 | ||
| 1462 months agoDec 2024 | -37.7 % Change MoMDec – Jan |
Summary: The Tonawanda real estate market had 91 homes for sale in Jan 2025, a 37.7 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 36Last MonthJan 2025 | ||
| 542 months agoDec 2024 | -33.3 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 16 | 10 | -37.5% |
| 33 Bedrooms | 89 | 49 | -44.9% |
| 44 Bedrooms | 34 | 27 | -20.6% |
| 55+ Bedrooms | 7 | 5 | -28.6% |
Summary: Tonawanda housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -37.5%. The inventory for 3 bedroom homes decreased by -44.9%. The inventory for 4 bedroom homes decreased by -20.6%. The inventory for 5 bedroom homes decreased by -28.6%.
Asking Price vs. Sold Price
How much do homes in Tonawanda, NY cost?
Over Asking Price26 Homes
At Asking Price1 Home
Under Asking Price9 Homes
Insight
If you're buying a home in Tonawanda, you could pay more than the asking price. 72.2% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Tonawanda in January 2025, down by 33.3% month-over-month. Of the 36 sold homes, 25% were sold under asking, 3% were sold at asking, and and 72% 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 Days29 Homes
30 – 90 Days7 Homes
Over 90 Days0 Home
Insight
Many homes in Tonawanda are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 36 homes were sold in Tonawanda; 81% of homes were sold within 30 days, 19% 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 |
|---|---|---|
| 19 DaysThis YearJan 2025 | ||
| 13 Days1 year agoJan 2024 | +41.6 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Tonawanda had an average listing age of 19 days in Jan 2025, up by 41.6% compared to the previous year.
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Newest Listings in Tonawanda, NY
What homes are available in Tonawanda, NY?
New - 2 days on Rocket
$2,672 Closing Credit¹
#B1589184, Zyris McCormick, Listing Office: Mootry Murphy & Burgin Realty Group LLC
New - 2 days on Rocket
$3,918 Closing Credit¹
#B1589117, Jennifer Sennett, Listing Office: Keller Williams Realty Lancaster
New - 3 days on Rocket
$3,859 Closing Credit¹
#B1588870, Jon P Shingledecker, Listing Office: eXp Realty
New - 3 days on Rocket
$3,444 Closing Credit¹
#B1588428, Olivia Zureck, Listing Office: HUNT Real Estate Corporation
New - 6 days on Rocket
$2,789 Closing Credit¹
#B1588814, Jason P Sokody, Listing Office: Howard Hanna WNY Inc.
$2,316 Closing Credit¹
#B1587789, Jennifer Loomis, Listing Office: Keller Williams Realty WNY
$2,611 Closing Credit¹
#B1587762, Samantha E Muscato, Listing Office: Iconic Real Estate
$2,672 Closing Credit¹
#B1588274, Carol Klein, Listing Office: HUNT Real Estate Corporation
$2,018 Closing Credit¹
#B1587494, Ezra Littman, Listing Office: Flipped Realty LLC
$1,127 Closing Credit¹
#B1585056, Boris Zinaja, Listing Office: Realty Smith Inc.
$1,780 Closing Credit¹
#B1583709, Md Nazmul Hussain, Listing Office: HUNT Real Estate Corporation
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MLS Disclaimers and Copyright
Based on information from New York State Alliance of MLS, for the period 02/01/2023 - 02/01/2025
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: 2/20/2025, 11:55:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.