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Saturday, December 28, 2024

Grand Island home prices rise in the fourth quarter of 2017

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The median sale price of a home sold in the fourth quarter of 2017 in Grand Island rose by $4,500 while total sales increased by 32.1%, according to BlockShopper.com.

From October through December of 2017, there were 70 homes sold, with a median sale price of $188,500 - a 2.4% increase over the $184,000 median sale price for the same period of the previous year. There were 53 homes sold in Grand Island in the fourth quarter of 2016.

The following table compares Grand Island to other Erie County cities with similar median sales prices in the fourth quarter of 2017:

CityOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Williamsville291952.6%$235,000$210,00011.9%
Orchard Park83100-17%$229,000$223,2252.6%
East Aurora292516%$220,500$232,000-5%
Amherst310347-10.7%$195,000$182,5006.8%
Newstead8714.3%$190,000$150,00026.7%
Grand Island705332.1%$188,500$184,0002.4%
North Boston79-22.2%$183,000$129,00041.9%
Elma Center1819-5.3%$180,000$170,794.485.4%
Town Line25-60%$172,450$175,000-1.5%
Billington Heights29-77.8%$171,880$205,000-16.2%
Lancaster1159521.1%$170,000$145,00017.2%

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