Is Eastchester, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eastchester is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Eastchester was a Neutral Market.

Key Takeaway

Eastchester is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Eastchester, NY

How much do homes in Eastchester, NY cost?

Median Sold Price

$718,000

$423/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$3,547(-0.5%)

Key Takeaway

The sold price of homes in Eastchester has remained the same since last year.

Summary: The median home sold price in Eastchester was $718,000 in March 2024, down 0.5% from last year, and the median price per square foot was $423.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $212.7K$220K
+3.4%
2 $385.5K$458.7K
+19.0%
3 $830K$860K
+3.6%
4 $1.1M$1.2M
+2.6%
5+ $2.2M$2.6M
+20.5%

Summary: Eastchester housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 20.5%.

Median Sold Price Compared To Nearby Cities

Yonkers
+7.5%
Bronxville
+6.4%
New Rochelle
+3.7%
Eastchester
-0.5%
Tuckahoe
-1.1%

Housing Supply in Eastchester, NY

How many homes are available in Eastchester, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
149169+13.4%

Summary: The Eastchester real estate market had 169 homes for sale in March 2024, a 13.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 3236
+12.5%
2 3035
+16.7%
3 3845
+18.4%
4 2124
+14.3%
5+ 2829
+3.6%

Summary: The Eastchester housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 3.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2116-23.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Eastchester, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in Eastchester in March 2024, down by 23.8% month-over-month. Of the 16 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.

Days on Market for Eastchester, NY

How long does it take to sell a home in Eastchester, NY?

Average Sale Time

Mar 2023Mar 2024CHANGE
70 Days76 Days+8.9%

Summary: Homes in Eastchester had an average of 76 days on market in Mar 2024, up by 8.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Eastchester are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 16 homes were sold in Eastchester; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

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