Is Port Chester, 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, Port Chester has remained a Seller's Market.
Key Takeaway
Port Chester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Port Chester, NY
How much do homes in Port Chester, NY cost?
Median Sold Price
$692,000
$375/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Port Chester have sold for 13.8% more than they did a year ago.
Summary: The median home sold price in Port Chester was $692,000 in May 2024, up 13.8% from last year, and the median price per square foot was $375.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $325K | +109.7% |
| 2 Bedrooms | $394K | $456.5K | +15.9% |
| 3 Bedrooms | $744.7K | $740K | -0.6% |
| 4 Bedrooms | $723K | $865K | +19.6% |
| 5+ Bedrooms | $780K | $842.5K | +8.0% |
Summary: Port Chester housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 109.7%, 2 bedroom homes increased by 15.9%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 8%.
Housing Supply in Port Chester, NY
How many homes are available in Port Chester, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 72 | 81 | +12.5% |
Summary: The Port Chester real estate market had 81 homes for sale in May 2024, a 12.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 13 | 0.0% |
| 2 Bedrooms | 10 | 14 | +40.0% |
| 3 Bedrooms | 27 | 25 | -7.4% |
| 4 Bedrooms | 12 | 16 | +33.3% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Port Chester 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 7.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 17 | +70.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Chester, you could pay more than the asking price. 76.5% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Port Chester in May 2024, up by 70.0% month-over-month. Of the 17 sold homes, 12% were sold under asking, 12% were sold at asking, and 76% were sold over asking.
Days on Market for Port Chester, NY
How long does it take to sell a home in Port Chester, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 69 Days | 28 Days | -58.4% |
Summary: Homes in Port Chester had an average of 28 days on market in May 2024, down by 58.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Port Chester are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Port Chester; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 12% 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.