Is Piermont, 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, Piermont was a Neutral Market.
Housing Prices in Piermont, NY
How much do homes in Piermont, NY cost?
Median Sold Price
$675,000
$387/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Piermont was $675,000 in May 2024, up 33.7% from last year, and the median price per square foot was $387.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $246K | $434.9K | +76.8% |
2 Bedrooms | $317.5K | $550K | +73.2% |
3 Bedrooms | $717.5K | $780K | +8.7% |
4 Bedrooms | $871.2K | $662.5K | -24.0% |
5+ Bedrooms | $862.5K | $940K | +9.0% |
Summary: Piermont housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76.8%, 2 bedroom homes increased by 73.2%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 24%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
Piermont | $505K | $675K | +33.7% |
Orangeburg | $580K | $607.5K | +4.7% |
Housing Supply in Piermont, NY
How many homes are available in Piermont, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 26 | +13.0% |
Summary: The Piermont real estate market had 26 homes for sale in May 2024, a 13.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Piermont housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Piermont in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Piermont, NY
How long does it take to sell a home in Piermont, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
67 Days | 182 Days | +169.4% |
Summary: Homes in Piermont had an average of 182 days on market in May 2024, up by 169.4% compared to last year.
Breakdown of Home Sale Times
0 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, 3 homes were sold in Piermont; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.