Is Cherry Creek, NY 14723 a buyer’s or seller’s market?
Cherry Creek is a seller’s market. With about 3.2 months of supply and 0% 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 Cherry Creek housing market right now
In the three months ending August 31, 2026, 0% of homes in Cherry Creek, NY 14723 sold above their list price, the typical home went under contract in 116 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold more slowly (29 days then) and the median sale price rose 6% to $199,913. Overall, Cherry Creek is less competitive than a year ago, which gives buyers more room.
Within Chautauqua County, homes here sell more slowly than in 90% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Chautauqua 14722 (67% sold over asking) and Portland 14769 (67% sold over asking) are even more competitive.
Run the numbers for 14723
Nearby markets
Ashville 14710Buyer’s market $209 /sq ftBemus Point 14712Balanced $190 /sq ftBrocton 14716Buyer’s market $104 /sq ftCassadaga 14718Seller’s market $154 /sq ft Browse all markets →Towns like Cherry Creek nearby
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Questions about Cherry Creek real estate
Is Cherry Creek a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Cherry Creek, NY 14723 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 Cherry Creek?
The typical home went under contract in 116 days in the latest three months.
Do homes in Cherry Creek sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.2% of the list price.
What are property taxes in Cherry Creek?
About 2.27% of a home’s value a year in Chautauqua County, or roughly $9,080 on a $400,000 home.
What is the median home price in Cherry Creek?
The median sale price was $199,913 in the three months ending August 31, 2026, about $179 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