Is Armonk, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Armonk was a Buyer's Market.
Housing Prices in Armonk, NY
How much do homes in Armonk, NY cost?
Median Sold Price
$1,499,000
$442/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Armonk was $1,499,000 in May 2024, up 1.6% from last year, and the median price per square foot was $442.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $470K | $525K | +11.7% |
2 Bedrooms | $609.5K | $1.1M | +82.1% |
3 Bedrooms | $1.2M | $1.0M | -17.3% |
4 Bedrooms | $1.5M | $1.5M | -0.3% |
5+ Bedrooms | $2.3M | $2.7M | +17.7% |
Summary: Armonk housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 82.1%, 3 bedroom homes decreased by 17.3%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 17.7%.
Median Sold Price Compared To Nearby Cities
Chappaqua | $1.2M | $1.3M | +11.3% |
North Castle | $1.3M | $1.4M | +10.4% |
Mount Pleasant | $761.7K | $829K | +8.8% |
New Castle | $1.1M | $1.2M | +5.7% |
Armonk | $1.4M | $1.4M | +1.6% |
Housing Supply in Armonk, NY
How many homes are available in Armonk, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
49 | 67 | +36.7% |
Summary: The Armonk real estate market had 67 homes for sale in May 2024, a 36.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 11 | 14 | +27.3% |
4 Bedrooms | 21 | 29 | +38.1% |
5+ Bedrooms | 12 | 19 | +58.3% |
Summary: The Armonk housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 38.1%, and 5+ bedroom homes increased by 58.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 10 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Armonk in May 2024, up by 100.0% month-over-month. Of the 10 sold homes, 10% were sold under asking, 40% were sold at asking, and 50% were sold over asking.
Days on Market for Armonk, NY
How long does it take to sell a home in Armonk, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
6 Days | 45 Days | +663.3% |
Summary: Homes in Armonk had an average of 45 days on market in May 2024, up by 663.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Armonk; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.