Is Rye Brook, 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, Rye Brook has remained a Seller's Market.
Key Takeaway
Rye Brook is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rye Brook, NY
How much do homes in Rye Brook, NY cost?
Median Sold Price
$908,000
$423/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rye Brook have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in Rye Brook was $908,000 in May 2024, down 7.3% from last year, and the median price per square foot was $423.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $336.5K | -5.2% |
| 2 Bedrooms | $594.5K | $675K | +13.5% |
| 3 Bedrooms | $919.7K | $875K | -4.9% |
| 4 Bedrooms | $1.1M | $1.4M | +19.5% |
| 5+ Bedrooms | $1.0M | $1.3M | +18.5% |
Summary: Rye Brook housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 13.5%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 18.5%.
Median Sold Price Compared To Nearby Cities
| Port Chester | $608.3K | $692K | +13.8% |
| Greenwich | $1.5M | $1.7M | +10.4% |
| Rye | $1.8M | $1.9M | +8.9% |
| Harrison | $1.2M | $1.3M | +6.3% |
| Rye Brook | $980K | $908K | -7.3% |
Housing Supply in Rye Brook, NY
How many homes are available in Rye Brook, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 52 | 55 | +5.8% |
Summary: The Rye Brook real estate market had 55 homes for sale in May 2024, a 5.8% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The Rye Brook 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 decreased by 5.3%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rye Brook, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Rye Brook in May 2024, up by 75.0% month-over-month. Of the 14 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Rye Brook, NY
How long does it take to sell a home in Rye Brook, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 60 Days | 17 Days | -71.8% |
Summary: Homes in Rye Brook had an average of 17 days on market in May 2024, down by 71.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rye Brook are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Rye Brook; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% 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.