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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elmsford is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Elmsford has remained a Seller's Market.

Key Takeaway

Elmsford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Elmsford, NY cost?

Median Sold Price

$547,000

$311/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$27,000(+5.2%)

Key Takeaway

Homes in Elmsford have sold for 5.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $385K$429K
+11.4%
3 $476.2K$547K
+14.9%
4 $565K$565.9K
0.2%
5+ $645K$664K
+2.9%

Median Sold Price Compared To Nearby Cities

Elmsford
+5.2%
Greenburgh
+3.2%

How many homes are available in Elmsford, NY?

Number of Homes For Sale

Oct 2022Nov 2022%
1920+5.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 23
+50.0%
3 98
-11.1%
4 34
+33.3%
5+ 55
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
15+400.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elmsford, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
55 Days47 Days-13.8%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Elmsford, NY

Homes for sale in Elmsford, NY have reached 20. Between October 2022 and November 2022, Elmsford, NY real estate market has seen increase in the number of listings by 5.3%. In November 2022, listings were on the market for 47 days. During the same period, the median list price in this real estate market was $547,000. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 11.4%, the cost of 3 bedrooms properties went up by 14.9%, the cost of 4 bedrooms properties went up by 0.2%, 5 bedrooms properties prices increased by 2.9%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes increased by 50%, the quantity of 3 bedrooms homes went down by 11.1%, 4 bedrooms homes became 33.3% more available, the quantity of 5 bedrooms homes have not changed. While more than 3 listings in Elmsford, NY in November 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 2 were sold below.

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