Why Live in Ellery
Ellery, NY, a rural town along the eastern banks of Chautauqua Lake, is home to approximately 4,000 year-round residents, with numbers swelling during the summer. Spanning nearly 50 square miles, Ellery includes over 20 small hamlets and communities, such as Bemus Point, known for its summer appeal. The town offers a mix of lakefront cottages, farmland, and woodland homes, catering to those seeking vacation homes or year-round rural tranquility. Popular recreational spots include Bemus Playground, Bemus Point Golf Club and Tap House, and Long Point State Park, which features a lifeguarded beach, marina, and hiking trails. Winter activities like snowmobiling and cross-country skiing are also popular. Bemus Point's Main Street hosts local dining options such as Ellicottville Brewing Co. and The Village Casino, along with seasonal events like Fall Fest and Light Up The Point. The Chautauqua Institution, located across the lake, attracts visitors with its summer programming. Ellery's residential areas offer a variety of home styles, from small cottages to custom-built designs. The town is served by three school districts, with Chautauqua Lake Elementary being highly rated. Public transportation includes the Chautauqua Area Regional Transit System and the seasonal Bemus Point-Stow Ferry. Ellery is primarily car-dependent, with Interstate 86 providing access to nearby cities. The town has a low crime risk compared to the national average, making it a safer place to live.
Frequently Asked Questions
What is the average home price in Ellery, NY?
Homes for sale in Ellery, NY have an average home price of $568,230.
Are home prices dropping in Ellery?
Yes, home prices in Ellery are down 22% in the last 12 months.
How many homes have sold over the last 12 months in Ellery, NY?
46 homes have sold in Ellery, NY over the last 12 months.
What are the most popular zip codes in Ellery, NY?
How much do you need to make to afford a house in Ellery?
The median home price in Ellery is $392,000. If you put a 20% down payment of $78,400 and had a 30-year fixed mortgage with an interest rate of 6.75%, your estimated principal and interest payment would be $2,030 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $87K a year to afford the median home price in Ellery.
How are the schools in Ellery, NY?
Home Trends in Ellery, NY
On average, homes in Ellery, NY sell after 73 days on the market compared to the national average of 51 days. The median sale price for homes in Ellery, NY over the last 12 months is $337,500, down 16% from the median home sale price over the previous 12 months.
Median Sale Price
$337,500
Median Single Family Sale Price
$410,000
Average Price Per Sq Ft
$224
Number of Homes for Sale
14
Last 12 months Home Sales
46
Median List Price
$392,000
Median Change From 1st List Price
8%
Median Home Sale Price YoY Change
-16%