Great Valley, NY housing market
The median sale price was $197,000 in April 2026.
Home values, sales, trends and how Great Valley compares with the towns next door — updated as new data is published.
Great Valley at a glance
Only 4 sales in April 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
5 new homes permitted in 2025
Builders were permitted 5 new homes in Great Valley in 2025, all single-family houses, worth about $1.8 million to build. That's 3.1 per 1,000 residents, faster than across New York (1.8). Over the past 10 years, Great Valley has permitted 41 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Great Valley gained 17 residents while 56 new homes were permitted: about 0.3 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. 33% of Great Valley's homes are seasonal or vacation homes, which adds housing without adding residents. Across New York: 2.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 4 | 4 | 0 | $1.3 million |
| 2025 | 5 | 5 | 0 | $1.8 million |
| 2024 | 2 | 2 | 0 | $440,000 |
| 2023 | 1 | 1 | 0 | $225,000 |
| 2022 | 8 | 8 | 0 | $1.8 million |
| 2021 | 2 | 2 | 0 | $375,000 |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 7 | 7 | 0 | $1 million |
| 2018 | 7 | 7 | 0 | $628,000 |
| 2017 | 4 | 4 | 0 | $700,000 |
| 2016 | 5 | 5 | 0 | $655,000 |
| 2015 | 9 | 9 | 0 | $1.1 million |
| 2014 | 1 | 1 | 0 | $60,000 |
| 2013 | 5 | 5 | 0 | $911,000 |
| 2012 | 5 | 5 | 0 | $911,000 |
| 2011 | 5 | 5 | 0 | $911,000 |
| 2010 | 8 | 8 | 0 | $1.5 million |
| 2009 | 7 | 7 | 0 | $1.3 million |
| 2008 | 8 | 8 | 0 | $1.5 million |
| 2007 | 10 | 10 | 0 | $1.8 million |
| 2006 | 14 | 14 | 0 | $2.6 million |
| 2005 | 16 | 16 | 0 | $2.9 million |
| 2004 | 10 | 6 | 4 | $800,000 |
| 2003 | 6 | 6 | 0 | $805,000 |
| 2002 | 5 | 5 | 0 | $670,000 |
| 2001 | 10 | 10 | 0 | $895,000 |
| 2000 | 9 | 9 | 0 | $810,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Great Valley and its neighbors
| Town | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|
| Great Valley | — | $990 | 5 | $68,272 |
| Salamanca | — | $980 | 0 | $41,667 |
| Humphrey | — | $1,010 | 1 | $67,157 |
| Little Valley | — | $980 | 3 | $56,184 |
| Carrollton | — | $980 | 0 | $61,213 |
| Ellicottville | +14.4%† | $1,020 | 8 | $71,200 |
| Salamanca | — | $970 | 2 | $47,083 |
† FHFA price index change, where Zillow has no home value for the town.
1.7 years of income
The typical Great Valley home costs about 1.7 years of the town's median household income, less than across New York (6.1 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $990
HUD's Fair Market Rent for a two-bedroom in Great Valley is $990 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Great Valley pay a median of $779, so moving in tends to cost more than staying put. A two-bedroom takes about 17% of the town's median household income.
Studio $770 · 4 bedrooms $1,400
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (14741, 14748, 14779; Cattaraugus County, NY), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Great Valley
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, April 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.