Is Alfred, NY 14802 a buyer’s or seller’s market?
Alfred is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Alfred housing market right now
In the three months ending August 31, 2026, 25% of homes in Alfred, NY 14802 sold above their list price, the typical home went under contract in 75 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (107 days then) and the median sale price fell 18% to $170,426. Overall, Alfred is more competitive than a year ago, so tougher for buyers.
Within Allegany County, homes here sell more slowly than in 84% of the county’s ZIP codes, and sell more often over asking than in 53%.
Nearby, buyers who want less competition could look at Scio 14880 (0% sold over asking) or Canaseraga 14822 (0% sold over asking), while Houghton 14744 (100% sold over asking) and Caneadea 14717 (75% sold over asking) are even more competitive.
Run the numbers for 14802
Nearby markets
Alfred Station 14803 — /sq ftAlma 14708Seller’s market $317 /sq ftAlmond 14804Balanced $151 /sq ftAndover 14806Buyer’s market $65 /sq ft Browse all markets →Towns like Alfred nearby
Find towns like Alfred in other states →Where Alfred is
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Questions about Alfred real estate
Is Alfred a buyer’s or seller’s market?
A balanced market: there were 4 months of supply in Alfred, NY 14802 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 Alfred?
The typical home went under contract in 75 days in the latest three months.
Do homes in Alfred sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 97.0% of the list price.
What are property taxes in Alfred?
About 2.92% of a home’s value a year in Allegany County, or roughly $11,680 on a $400,000 home.
What is the median home price in Alfred?
The median sale price was $170,426 in the three months ending August 31, 2026, about $101 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