Is Pelham Manor, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Pelham Manor has remained a Buyer's Market.
Housing Prices in Pelham Manor, NY
How much do homes in Pelham Manor, NY cost?
Median Sold Price
$1,265,500
$439/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pelham Manor was $1,265,500 in April 2024, up 40.8% from last year, and the median price per square foot was $439.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $171K | $216K | +26.3% |
2 Bedrooms | $317.5K | $330K | +3.9% |
3 Bedrooms | $807K | $999K | +23.8% |
4 Bedrooms | $1.2M | $1.4M | +14.0% |
5+ Bedrooms | $1.5M | $1.8M | +18.6% |
Summary: Pelham Manor housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.3%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Cities
Pelham Manor | $899K | $1.2M | +40.8% |
Pelham | $897K | $999K | +11.4% |
New Rochelle | $685.6K | $751K | +9.5% |
Mount Vernon | $520K | $475K | -8.7% |
Housing Supply in Pelham Manor, NY
How many homes are available in Pelham Manor, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 35 | 0.0% |
Summary: The Pelham Manor real estate market had 35 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 8 | 7 | -12.5% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Pelham Manor housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Pelham Manor in April 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Pelham Manor, NY
How long does it take to sell a home in Pelham Manor, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
11 Days | 45 Days | +309.1% |
Summary: Homes in Pelham Manor had an average of 45 days on market in Apr 2024, up by 309.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Pelham Manor; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.