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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenburgh is a neutral's market

Buyer's
Market

Difference Since April 2023

Since last year, Greenburgh has remained a Neutral Market.

Key Takeaway

Greenburgh 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 Greenburgh, NY

How much do homes in Greenburgh, NY cost?

Median Sold Price

$730,000

$392/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$67,200(+10.1%)

Key Takeaway

Homes in Greenburgh have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in Greenburgh was $730,000 in April 2024, up 10.1% from last year, and the median price per square foot was $392.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $195K$210K
+7.7%
2 $420K$469K
+11.7%
3 $700.8K$743.7K
+6.1%
4 $894.3K$1.0M
+13.9%
5+ $1.2M$1.4M
+12.1%

Summary: Greenburgh housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 12.1%.

Median Sold Price Compared To Nearby Cities

Ardsley
+19.4%
Greenburgh
+10.1%
Irvington
+8.7%
Elmsford
+2.4%
Hartsdale
-10.1%

Housing Supply in Greenburgh, NY

How many homes are available in Greenburgh, NY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
387460+18.9%

Summary: The Greenburgh real estate market had 460 homes for sale in April 2024, a 18.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 4869
+43.8%
2 92110
+19.6%
3 108124
+14.8%
4 8286
+4.9%
5+ 5771
+24.6%

Summary: The Greenburgh housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 43.8%, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 24.6%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4673+58.7%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

39 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. 53.4% of homes here sold above asking price last month.

Summary: A total of 73 homes were sold or pending in Greenburgh in April 2024, up by 58.7% month-over-month. Of the 73 sold homes, 27% were sold under asking, 19% were sold at asking, and 53% 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

Apr 2023Apr 2024CHANGE
69 Days47 Days-32.4%

Summary: Homes in Greenburgh had an average of 47 days on market in Apr 2024, down by 32.4% compared to last year.

Breakdown of Home Sale Times

50 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

11 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 April 2024, 73 homes were sold in Greenburgh; 68% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 15% 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 6 Days Ago

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