Is Pound Ridge, 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, Pound Ridge was a Seller's Market.
Housing Prices in Pound Ridge, NY
How much do homes in Pound Ridge, NY cost?
Median Sold Price
$1,160,000
$383/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pound Ridge was $1,160,000 in May 2024, down 4.9% from last year, and the median price per square foot was $383.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | - | N/A |
2 Bedrooms | $599K | $888.8K | +48.4% |
3 Bedrooms | $1.1M | $1.1M | -4.3% |
4 Bedrooms | $1.2M | $1.1M | -1.9% |
5+ Bedrooms | $2.0M | $1.4M | -28.2% |
Summary: Pound Ridge housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 48.4%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 28.2%.
Median Sold Price Compared To Nearby Cities
South Salem | $700K | $825K | +17.9% |
New Canaan | $1.6M | $1.8M | +12.8% |
Lewisboro | $762.5K | $850K | +11.5% |
Pound Ridge | $1.2M | $1.1M | -4.9% |
Housing Supply in Pound Ridge, NY
How many homes are available in Pound Ridge, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 41 | +46.4% |
Summary: The Pound Ridge real estate market had 41 homes for sale in May 2024, a 46.4% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 9 | 12 | +33.3% |
4 Bedrooms | 12 | 17 | +41.7% |
5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Pound Ridge 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 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Pound Ridge in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Pound Ridge, NY
How long does it take to sell a home in Pound Ridge, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
77 Days | 23 Days | -70.3% |
Summary: Homes in Pound Ridge had an average of 23 days on market in May 2024, down by 70.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Pound Ridge; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.