Grand Island Real Estate Market Trends
Market Overview for Quarter 3, 2024
Median Sale Price
20% YoY
Median Price/Sqft
1.6% YoY
No. of Transactions
-25.8% YoY
County Median Sale Price
7% YoY
In Q3, the median home sale price in Grand Island was $420K, an increase of 20% year-over-year. By contrast, sales activity trended down with 46 deals closed, representing a decline of -25.8% compared to the same period last year. The median price per square foot in Q3 was $194, a change of 1.6% year-over-year, while the median sale price in Erie County was $275K.
Sales information for last quarter cannot be displayed due to insufficient recorded transactions. The available data does not meet the minimum threshold required for reliable and accurate data representation.
Top Cities in Erie County
| Ranking | City | Median Sale Price |
|---|---|---|
| 1 | Clarence | $601,000 |
| 2 | Orchard Park | $425,000 |
| 3 | Grand Island | $420,000 |
| 4 | Amherst | $370,000 |
| 5 | Lancaster | $357,451 |
| 6 | Hamburg | $294,250 |
| 7 | West Seneca | $282,000 |
| 8 | Tonawanda | $245,000 |
| 9 | Cheektowaga | $232,000 |
| 10 | Evans | $186,250 |
| 11 | Buffalo | $182,500 |
| 12 | Lackawanna | $176,000 |
Residential Property Types Sold in Grand Island
| Property Type | Median Sale Price | Y-o-Y Change | Median Sale Price/Sq. Ft | Y-o-Y Change | Transactions |
|---|---|---|---|---|---|
| Condo | - | - | - | - | 0 |
| House | $420K | 20% | $194 | 1.6% | 46 |
The Q3 median sale price for Grand Island houses was $420K, increasing 20% year-over-year. While the median for houses was trending up, condo prices in Grand Island remained flat year-over-year at -.
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