Is Philipstown, 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, Philipstown was a Seller's Market.
Key Takeaway
Philipstown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Philipstown, NY
How much do homes in Philipstown, NY cost?
Median Sold Price
$635,000
$373/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Philipstown have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Philipstown was $635,000 in May 2024, down 2.2% from last year, and the median price per square foot was $373.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $415K | +36.1% |
| 2 Bedrooms | $607.5K | $431.2K | -29.0% |
| 3 Bedrooms | $644.5K | $700K | +8.6% |
| 4 Bedrooms | $805K | $731.2K | -9.2% |
| 5+ Bedrooms | $740K | $905K | +22.3% |
Summary: Philipstown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.1%, 2 bedroom homes decreased by 29%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes increased by 22.3%.
Median Sold Price Compared To Nearby Cities
| Cold Spring | $625K | $620K | -0.8% |
| Garrison | $650K | $645K | -0.8% |
| Philipstown | $649.5K | $635K | -2.2% |
Housing Supply in Philipstown, NY
How many homes are available in Philipstown, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 52 | +10.6% |
Summary: The Philipstown real estate market had 52 homes for sale in May 2024, a 10.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 15 | 20 | +33.3% |
| 3 Bedrooms | 21 | 22 | +4.8% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Philipstown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Philipstown, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Philipstown in May 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Philipstown, NY
How long does it take to sell a home in Philipstown, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 72 Days | +87.3% |
Summary: Homes in Philipstown had an average of 72 days on market in May 2024, up by 87.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Philipstown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Philipstown; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.