Is Dobbs Ferry, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Dobbs Ferry was a Buyer's Market.
Key Takeaway
Dobbs Ferry is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Dobbs Ferry, NY
How much do homes in Dobbs Ferry, NY cost?
Median Sold Price
$860,000
$446/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Dobbs Ferry have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Dobbs Ferry was $860,000 in March 2024, up 4.2% from last year, and the median price per square foot was $446.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $377K | $250K | -33.7% |
| 2 Bedrooms | $517.5K | $545K | +5.3% |
| 3 Bedrooms | $759K | $853.5K | +12.5% |
| 4 Bedrooms | $1.0M | $1.1M | +7.3% |
| 5+ Bedrooms | $1.1M | $1.2M | +2.1% |
Summary: Dobbs Ferry housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.7%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Ardsley | $755.5K | $901K | +19.3% |
| Greenburgh | $665K | $721.6K | +8.5% |
| Irvington | $890K | $959K | +7.8% |
| Hastings-on-Hudson | $865K | $914.5K | +5.7% |
| Dobbs Ferry | $825K | $860K | +4.2% |
Housing Supply in Dobbs Ferry, NY
How many homes are available in Dobbs Ferry, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 43 | -4.4% |
Summary: The Dobbs Ferry real estate market had 43 homes for sale in March 2024, a 4.4% 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 | 8 | 6 | -25.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Dobbs Ferry 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 decreased by 25%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dobbs Ferry, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Dobbs Ferry in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for Dobbs Ferry, NY
How long does it take to sell a home in Dobbs Ferry, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 27 Days | -41.1% |
Summary: Homes in Dobbs Ferry had an average of 27 days on market in Mar 2024, down by 41.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dobbs Ferry are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Dobbs Ferry; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% 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.