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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenburgh is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Greenburgh, NY

How much do homes in Greenburgh, NY cost?

Median Sold Price

$751,172

$405/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$65,765(+9.6%)

Key Takeaway

Homes in Greenburgh have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in Greenburgh was $751,172 in September 2024, up 9.6% from last year, and the median price per square foot was $405.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $199K$205K
+3.0%
2 $430K$499.5K
+16.2%
3 $717.7K$776K
+8.1%
4 $950K$999K
+5.2%
5+ $1.2M$1.4M
+16.0%

Summary: Greenburgh housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 16%.

Median Sold Price Compared To Nearby Cities

Hartsdale
+16.5%
Ardsley
+16.0%
Greenburgh
+9.6%
Elmsford
+9.3%
Irvington
-6.1%

Housing Supply in Greenburgh, NY

How many homes are available in Greenburgh, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
481458-4.8%

Summary: The Greenburgh real estate market had 458 homes for sale in September 2024, a 4.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 6668
+3.0%
2 108102
-5.6%
3 125123
-1.6%
4 10998
-10.1%
5+ 7367
-8.2%

Summary: The Greenburgh housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes decreased by 8.2%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
12086-28.3%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

58 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenburgh, you could pay more than the asking price. 67.4% of homes here sold above asking price last month.

Summary: A total of 86 homes were sold or pending in Greenburgh in September 2024, down by 28.3% month-over-month. Of the 86 sold homes, 22% were sold under asking, 10% were sold at asking, and 67% were sold over asking.

Days on Market for Greenburgh, NY

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

Average Sale Time

Sep 2023Sep 2024CHANGE
32 Days35 Days+8.2%

Summary: Homes in Greenburgh had an average of 35 days on market in Sep 2024, up by 8.2% compared to last year.

Breakdown of Home Sale Times

61 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 86 homes were sold in Greenburgh; 71% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% 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 30 Days Ago

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