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 January 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

$700,000

$377/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$40,032(+6.1%)

Key Takeaway

Homes in Greenburgh have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in Greenburgh was $700,000 in January 2024, up 6.1% from last year, and the median price per square foot was $377.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $205K$199K
-2.9%
2 $420K$452.6K
+7.8%
3 $700K$726.2K
+3.8%
4 $886.3K$978.3K
+10.4%
5+ $1.3M$1.3M
+2.6%

Summary: Greenburgh housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Cities

Irvington
+14.2%
Ardsley
+10.5%
Greenburgh
+6.1%
Elmsford
0.0%
Hartsdale
-6.9%

Housing Supply in Greenburgh, NY

How many homes are available in Greenburgh, NY?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
309319+3.2%

Summary: The Greenburgh real estate market had 319 homes for sale in January 2024, a 3.2% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 5055
+10.0%
2 5571
+29.1%
3 7571
-5.3%
4 8276
-7.3%
5+ 4746
-2.1%

Summary: The Greenburgh housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 29.1%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 2.1%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
7169-2.8%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

36 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. 52.2% of homes here sold above asking price last month.

Summary: A total of 69 homes were sold or pending in Greenburgh in January 2024, down by 2.8% month-over-month. Of the 69 sold homes, 39% were sold under asking, 9% were sold at asking, and 52% 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

Jan 2023Jan 2024CHANGE
51 Days35 Days-31.5%

Summary: Homes in Greenburgh had an average of 35 days on market in Jan 2024, down by 31.5% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

5 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 January 2024, 69 homes were sold in Greenburgh; 52% of homes were sold within 30 days, 41% 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 29 Days Ago

Newest Listings in Greenburgh, NY

Nearby Markets to Greenburgh, NY

What housing markets are near Greenburgh, NY?