Is Armonk, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Armonk has remained a Buyer's Market.
Key Takeaway
Armonk is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Armonk, NY
How much do homes in Armonk, NY cost?
Median Sold Price
$1,450,000
$429/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Armonk have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Armonk was $1,450,000 in March 2024, down 1.7% from last year, and the median price per square foot was $429.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $470K | $525K | +11.7% |
| 2 Bedrooms | $560K | $895K | +59.8% |
| 3 Bedrooms | $1.1M | $1.0M | -9.8% |
| 4 Bedrooms | $1.6M | $1.5M | -9.1% |
| 5+ Bedrooms | $2.4M | $2.7M | +12.1% |
Summary: Armonk housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 59.8%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 12.1%.
Median Sold Price Compared To Nearby Cities
| North Castle | $1.3M | $1.4M | +6.7% |
| Mount Pleasant | $769.9K | $819.9K | +6.5% |
| New Castle | $1.1M | $1.1M | 0.4% |
| Chappaqua | $1.3M | $1.2M | -1.0% |
| Armonk | $1.4M | $1.4M | -1.7% |
Housing Supply in Armonk, NY
How many homes are available in Armonk, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 39 | +8.3% |
Summary: The Armonk real estate market had 39 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 9 | 14 | +55.6% |
Summary: The Armonk housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Armonk, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Armonk in March 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Armonk, NY
How long does it take to sell a home in Armonk, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 189 Days | 67 Days | -64.2% |
Summary: Homes in Armonk had an average of 67 days on market in Mar 2024, down by 64.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Armonk are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Armonk; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% 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.