Is Newfane, NY 14108 a buyer’s or seller’s market?
Newfane is a seller’s market. With about 1.3 months of supply and 42% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Newfane housing market right now
In the three months ending August 31, 2026, 42% of homes in Newfane, NY 14108 sold above their list price, the typical home went under contract in 22 days and there were 1.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 12 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 33%, homes sold about as fast and the median sale price fell 3% to $251,641. Overall, Newfane is more competitive than a year ago, so tougher for buyers.
Within Niagara County, homes here sell more slowly than in 94% of the county’s ZIP codes, and sell less often over asking than in 78%.
Nearby, buyers who want less competition could look at Olcott 14126 (0% sold over asking) or Lewiston 14092 (35% sold over asking), while Niagara Falls 14302 (100% sold over asking) and Sanborn 14132 (92% sold over asking) are even more competitive.
Run the numbers for 14108
Nearby markets
Appleton 14008Seller’s market $184 /sq ftBarker 14012Seller’s market $232 /sq ftBurt 14028Seller’s market $153 /sq ftGasport 14067Seller’s market $174 /sq ft Browse all markets →Towns like Newfane nearby
Find towns like Newfane in other states →Where Newfane is
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Questions about Newfane real estate
Is Newfane a buyer’s or seller’s market?
A seller’s market: there were 1.3 months of supply in Newfane, NY 14108 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Newfane?
The typical home went under contract in 22 days in the latest three months.
Do homes in Newfane sell over asking?
42% of homes sold above their original list price, and the typical sale closed at 101.8% of the list price.
What are property taxes in Newfane?
About 2.19% of a home’s value a year in Niagara County, or roughly $8,760 on a $400,000 home.
What is the median home price in Newfane?
The median sale price was $251,641 in the three months ending August 31, 2026, about $152 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology