Is Allegany, NY 14706 a buyer’s or seller’s market?
Allegany is a seller’s market. With about 2.9 months of supply and 9% 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 Allegany housing market right now
In the three months ending August 31, 2026, 9% of homes in Allegany, NY 14706 sold above their list price, the typical home went under contract in 39 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 57%, homes sold more slowly (21 days then) and the median sale price fell 43% to $169,926. Overall, Allegany is less competitive than a year ago, which gives buyers more room.
Within Cattaraugus County, homes here sell more slowly than in 71% of the county’s ZIP codes, and sell less often over asking than in 71%.
Nearby, buyers who want less competition could look at Salamanca 14779 (0% sold over asking) or Limestone 14753 (0% sold over asking), while Perrysburg 14129 (100% sold over asking) and Yorkshire 14173 (100% sold over asking) are even more competitive.
Run the numbers for 14706
Nearby markets
Cattaraugus 14719Seller’s market $147 /sq ftConewango Valley 14726Seller’s market $127 /sq ftDelevan 14042Seller’s market $183 /sq ftEast Otto 14729Balanced $186 /sq ft Browse all markets →Towns like Allegany nearby
Find towns like Allegany in other states →Where Allegany is
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Questions about Allegany real estate
Is Allegany a buyer’s or seller’s market?
A seller’s market: there were 2.9 months of supply in Allegany, NY 14706 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 Allegany?
The typical home went under contract in 39 days in the latest three months.
Do homes in Allegany sell over asking?
9% of homes sold above their original list price, and the typical sale closed at 98.3% of the list price.
What are property taxes in Allegany?
About 2.64% of a home’s value a year in Cattaraugus County, or roughly $10,560 on a $400,000 home.
What is the median home price in Allegany?
The median sale price was $169,926 in the three months ending August 31, 2026, about $111 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