Is Ellicottville, NY 14731 a buyer’s or seller’s market?

The Ellicottville housing market right now

In the three months ending August 31, 2026, 5% of homes in Ellicottville, NY 14731 sold above their list price, the typical home went under contract in 67 days and there were 9.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 20 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 11%, homes sold faster (93 days then) and the median sale price fell 1% to $419,818. Overall, Ellicottville is more competitive than a year ago, so tougher for buyers.

Within Cattaraugus County, homes here sell more slowly than in 95% of the county’s ZIP codes, and sell less often over asking than in 76%. On our competition score, Ellicottville ranks #645 of 649 NY ZIP codes with enough sales (score 8 out of 100).

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.