Living in Amherst, NY
Amherst, NY is a family-friendly suburb of Buffalo, known for its quality schools, spacious parks, and a strong sense of community. With a mix of modern amenities and natural beauty, it's an ideal location for families and commuters alike. The town offers various recreational activities and easy access to urban conveniences.
Current Market Conditions in Amherst, NY
The real estate market in Amherst has been steadily growing, with an increase in demand for single-family homes as families seek more space and suburban living. The current market favors sellers, with properties often receiving multiple offers shortly after listing, leading to higher sale prices compared to previous years.
Amherst has seen a notable rise in home values due to its favorable location, excellent schools, and low crime rates, making it an attractive option for buyers looking to invest in real estate. Local market trends suggest a continued interest from young professionals and families.
The town's diverse housing options, from affordable starter homes to larger, high-end properties, cater to a broad demographic, enhancing the market's vitality.
Home Value Estimator For Amherst, NY
There are currently 18,121 real estate properties
in Amherst, NY,
with a median automated valuation model (AVM) price
of $333,264.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Amherst, NY, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Amherst, NY,
is $375,347.00, with the most expensive house
in Amherst, NY, topping out
at $53,723,504.00 and the cheapest home
in Amherst, NY,
clocking in at $35,441.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Amherst, NY!
Rent Prices
In Amherst, NY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Amherst, NY, is on
a rollercoaster ride. The
average rent price in Amherst, NY,
is $1,619.00. Indeed, when looking to rent in
Amherst, NY, you can expect to pay as little
as $570.00 or as much
as $5,560.00,
with the average rent median estimated to
be $1,560.00. The good news is that finding
an affordable and desirable property to rent in Amherst, NY
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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