▲ MARKET INTELLIGENCE REPORT
🗓 Last Updated: Weekly
MARKET TEMPERATURE
Competitive Market
● HOT MARKET
MARKET SNAPSHOT
$291,400
Median Sale
9
Days on Mkt
806
Active Listings
MARKET CONDITIONS
INVENTORY STATUS
Limited Supply
LOW
BUYER ACTIVITY
Strong Demand
HIGH
MARKET SPEED
Fast Moving
FAST
MARKET READ
Erie County remains a highly competitive housing market. Homes are moving quickly, with an average of just 9 days on market, while inventory remains relatively limited at 806 active listings. Median home prices continue to reflect strong buyer demand across the region despite elevated mortgage rates. Well-priced homes continue to attract significant interest, particularly in desirable suburban and city neighborhoods throughout Erie County.
BUYER QUESTIONS
The most common questions buyers are asking about the Erie County housing market right now — answered with real data.
5 Questions Answered
Based on Erie County MLS data · Median price $291,400 · 806 active listings · 9 days avg on market
Are home prices still rising in Erie County?
Yes. Erie County's median sale price has remained strong, currently sitting at $291,400. Despite elevated mortgage rates, buyer demand continues to support price levels across most neighborhoods. Desirable areas have seen sustained or increased pricing due to limited supply relative to buyer interest.
How competitive is the Erie County housing market right now?
Extremely competitive. With only 806 active listings and homes averaging just 9 days on market, Erie County remains one of the most active housing markets in Western New York. Well-priced homes frequently attract multiple offers, making it critical for buyers to be pre-approved and move quickly.
What does 9 days on market tell us about demand?
An average of 9 days on market signals a strongly seller-favored environment. Homes are not lingering — buyers are making decisions fast and sellers are seeing their properties move efficiently. This pace indicates that serious buyers should be prepared before touring homes, not after.
How are mortgage rates affecting affordability in Erie County?
Elevated mortgage rates have compressed purchasing power for many buyers. At a median price of $291,400, even modest rate increases translate to meaningful changes in monthly payments. However, Erie County's relative affordability compared to national markets continues to attract buyers who would otherwise be priced out elsewhere.
Is now a good time to buy in Erie County?
It depends on your financial readiness more than the market. Erie County prices remain strong and inventory is tight, so buyers who wait may face even more competition. If you're pre-approved, financially stable, and committed to the area, today's market still offers compelling long-term value for Western New York homeownership.
FINANCING CONTEXT
Mortgage rates remain one of the largest affordability drivers for buyers in Erie County. Financing costs can significantly impact monthly payments, purchasing power, and overall market activity.
ELEVATED
Rates remain above long-term averages and continue to influence affordability.
HIGH
Monthly payments remain a key consideration for many buyers.
MODERATING
Affordability pressures continue to influence demand and purchasing behavior.
EXPLORE MORE MARKET INTELLIGENCE
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CITY REPORT
MED. PRICE
$291,400
DOM
9 Days
LISTINGS
806
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COUNTY REPORT
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LISTINGS
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WEEKLY INTELLIGENCE
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Source: WNYREIS® and local MLS market data. Statistics are based on recently reported transactions and listing activity and are intended for informational purposes only. Data is subject to revision as additional market information becomes available.