Is Scarsdale, 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, Scarsdale has remained a Buyer's Market.
Housing Prices in Scarsdale, NY
How much do homes in Scarsdale, NY cost?
Median Sold Price
$1,303,000
$482/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Scarsdale was $1,303,000 in May 2024, up 14.3% from last year, and the median price per square foot was $482.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $194K | $200K | +3.1% |
2 Bedrooms | $348.1K | $398.4K | +14.5% |
3 Bedrooms | $880K | $999.9K | +13.6% |
4 Bedrooms | $1.3M | $1.3M | +3.1% |
5+ Bedrooms | $2.3M | $2.2M | -1.7% |
Summary: Scarsdale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
Scarsdale | $1.1M | $1.3M | +14.3% |
White Plains | $549.6K | $612K | +11.3% |
New Rochelle | $680K | $754.1K | +10.9% |
Harrison | $1.2M | $1.3M | +6.3% |
Hartsdale | $400K | $357K | -10.8% |
Housing Supply in Scarsdale, NY
How many homes are available in Scarsdale, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
254 | 278 | +9.4% |
Summary: The Scarsdale real estate market had 278 homes for sale in May 2024, a 9.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 24 | 0.0% |
2 Bedrooms | 29 | 28 | -3.4% |
3 Bedrooms | 41 | 39 | -4.9% |
4 Bedrooms | 49 | 69 | +40.8% |
5+ Bedrooms | 111 | 118 | +6.3% |
Summary: The Scarsdale 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 decreased by 3.4%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 40.8%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 37 | +5.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Scarsdale in May 2024, up by 5.7% month-over-month. Of the 37 sold homes, 27% were sold under asking, 8% were sold at asking, and 65% were sold over asking.
Days on Market for Scarsdale, NY
How long does it take to sell a home in Scarsdale, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 30 Days | -20.9% |
Summary: Homes in Scarsdale had an average of 30 days on market in May 2024, down by 20.9% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 37 homes were sold in Scarsdale; 73% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.