Is New Castle, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, New Castle has remained a Buyer's Market.
Housing Prices in New Castle, NY
How much do homes in New Castle, NY cost?
Median Sold Price
$1,200,000
$422/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in New Castle was $1,200,000 in May 2024, up 5.7% from last year, and the median price per square foot was $422.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $380K | $460K | +21.1% |
2 Bedrooms | $685K | $750K | +9.5% |
3 Bedrooms | $887.4K | $999K | +12.6% |
4 Bedrooms | $1.2M | $1.4M | +13.1% |
5+ Bedrooms | $1.7M | $1.5M | -7.3% |
Summary: New Castle housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.1%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 7.3%.
Median Sold Price Compared To Nearby Cities
Chappaqua | $1.2M | $1.3M | +11.3% |
New Castle | $1.1M | $1.2M | +5.7% |
Bedford | $962.5K | $1.0M | +4.9% |
Mount Kisco | $667.7K | $667K | -0.1% |
Housing Supply in New Castle, NY
How many homes are available in New Castle, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
124 | 141 | +13.7% |
Summary: The New Castle real estate market had 141 homes for sale in May 2024, a 13.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 15 | 21 | +40.0% |
3 Bedrooms | 32 | 31 | -3.1% |
4 Bedrooms | 44 | 50 | +13.6% |
5+ Bedrooms | 32 | 38 | +18.8% |
Summary: The New Castle 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 increased by 40%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 12 | -14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in New Castle in May 2024, down by 14.3% month-over-month. Of the 12 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% were sold over asking.
Days on Market for New Castle, NY
How long does it take to sell a home in New Castle, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 29 Days | +52.3% |
Summary: Homes in New Castle had an average of 29 days on market in May 2024, up by 52.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in New Castle; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.