Is Chestnut Ridge, 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, Chestnut Ridge has remained a Seller's Market.
Key Takeaway
Chestnut Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chestnut Ridge, NY
How much do homes in Chestnut Ridge, NY cost?
Median Sold Price
$785,000
$365/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chestnut Ridge have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Chestnut Ridge was $785,000 in March 2024, up 6.8% from last year, and the median price per square foot was $365.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $224.7K | - | N/A |
| 2 Bedrooms | $563.5K | $607.5K | +7.8% |
| 3 Bedrooms | $660K | $630.5K | -4.5% |
| 4 Bedrooms | $739.9K | $799.5K | +8.1% |
| 5+ Bedrooms | $960K | $999.9K | +4.2% |
Summary: Chestnut Ridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.8%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Airmont | $735K | $810K | +10.2% |
| Chestnut Ridge | $735K | $785K | +6.8% |
| Nanuet | $520K | $551K | +6.0% |
| Spring Valley | $680K | $700K | +2.9% |
Housing Supply in Chestnut Ridge, NY
How many homes are available in Chestnut Ridge, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 24 | -14.3% |
Summary: The Chestnut Ridge real estate market had 24 homes for sale in March 2024, a 14.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Chestnut Ridge 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 decreased by 20%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chestnut Ridge, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Chestnut Ridge in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Chestnut Ridge, NY
How long does it take to sell a home in Chestnut Ridge, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 64 Days | 33 Days | -47.1% |
Summary: Homes in Chestnut Ridge had an average of 33 days on market in Mar 2024, down by 47.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chestnut Ridge are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Chestnut Ridge; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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.