Is Nyack, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nyack is a neutral's market

Buyer's
Market

Difference Since April 2023

Since last year, Nyack has remained a Neutral Market.

Key Takeaway

Nyack is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Nyack, NY

How much do homes in Nyack, NY cost?

Median Sold Price

$671,000

$362/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$71,000(+11.8%)

Key Takeaway

Homes in Nyack have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in Nyack was $671,000 in April 2024, up 11.8% from last year, and the median price per square foot was $362.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $230K$267.5K
+16.3%
2 $459.4K$459.5K
0.0%
3 $632.5K$675K
+6.7%
4 $880.5K$730K
-17.1%
5+ $956K$1.0M
+7.5%

Summary: Nyack housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes did not change, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes increased by 7.5%.

Median Sold Price Compared To Nearby Cities

Valley Cottage
+17.1%
Nyack
+11.8%
Orangetown
+8.4%
Sleepy Hollow
-15.5%

Housing Supply in Nyack, NY

How many homes are available in Nyack, NY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6768+1.5%

Summary: The Nyack real estate market had 68 homes for sale in April 2024, a 1.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 88
0.0%
2 911
+22.2%
3 2022
+10.0%
4 2120
-4.8%
5+ 97
-22.2%

Summary: The Nyack housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
11110.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nyack, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Nyack in April 2024, the same as the previous month. Of the 11 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% were sold over asking.

Days on Market for Nyack, NY

How long does it take to sell a home in Nyack, NY?

Average Sale Time

Apr 2023Apr 2024CHANGE
60 Days84 Days+40.3%

Summary: Homes in Nyack had an average of 84 days on market in Apr 2024, up by 40.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Nyack are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 11 homes were sold in Nyack; 45% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Apr 1, 2024

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