Why Live in Tonawanda
Thanks to its advantageous location at the edge of the Erie Canal, the city of Tonawanda, New York, began developing in the early 19th century. What started as a massive player in the lumber industry soon became a bustling community as area businesses grew, and the influence of that growth can still be seen today. Despite waning from its pinnacle, there is still a significant industrial presence in the city, particularly along the banks of the canal and the Niagara River. “The Tesla plant is between Hamburg and Buffalo, and in the Tonawandas, close to the Grand Island Bridge, you have the GM motor stamp plant,” says John Cook, Realtor with Signature Real Estate Services and lifelong area resident. “FedEx is right in the same area as an Amazon facility, so we still have some decent factory presence.”
To outsiders, Tonawanda may seem more like a suburb of Buffalo due to its position 12 miles north of downtown. However, those who live here quickly realize what sets it apart. “I just sold a house in the city to a family who moved from Manhattan,” Cook says. “It had snowed just before they arrived with their things. What surprised them most was to find out that their new neighbors had
Home Trends in Tonawanda, NY
On average, homes in Tonawanda, NY sell after 19 days on the market compared to the national average of 50 days. The median sale price for homes in Tonawanda, NY over the last 12 months is $246,750, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$246,750
Median Single Family Sale Price
$249,000
Median Townhouse Sale Price
$224,999
Median 2 Bedroom Sale Price
$200,999
Average Price Per Sq Ft
$185
Number of Homes for Sale
45
Last 12 months Home Sales
1,066
Median List Price
$229,000
Median Change From 1st List Price
-8%
Median Home Sale Price YoY Change
3%
