Is Larchmont, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Larchmont has remained a Buyer's Market.
Housing Prices in Larchmont, NY
How much do homes in Larchmont, NY cost?
Median Sold Price
$1,402,500
$599/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Larchmont was $1,402,500 in March 2024, up 10% from last year, and the median price per square foot was $599.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $255K | $246K | -3.5% |
2 Bedrooms | $615K | $765K | +24.4% |
3 Bedrooms | $1.1M | $1.1M | -2.4% |
4 Bedrooms | $1.6M | $1.6M | +0.9% |
5+ Bedrooms | $2.2M | $2.6M | +15.6% |
Summary: Larchmont housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes increased by 24.4%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 15.6%.
Housing Supply in Larchmont, NY
How many homes are available in Larchmont, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
76 | 89 | +17.1% |
Summary: The Larchmont real estate market had 89 homes for sale in March 2024, a 17.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 20 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 14 | 18 | +28.6% |
4 Bedrooms | 21 | 22 | +4.8% |
5+ Bedrooms | 18 | 25 | +38.9% |
Summary: The Larchmont housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 38.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Larchmont in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Larchmont, NY
How long does it take to sell a home in Larchmont, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 29 Days | -44.4% |
Summary: Homes in Larchmont had an average of 29 days on market in Mar 2024, down by 44.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Larchmont; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.