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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mahopac is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Mahopac, NY

How much do homes in Mahopac, NY cost?

Median Sold Price

$563,500

$290/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$63,500(+12.7%)

Key Takeaway

Homes in Mahopac have sold for 12.7% more than they did a year ago.

Summary: The median home sold price in Mahopac was $563,500 in October 2024, up 12.7% from last year, and the median price per square foot was $290.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $323.2K$380K
+17.6%
2 $425K$415K
-2.4%
3 $500K$575K
+15.0%
4 $620K$657.5K
+6.0%
5+ $780K$839.9K
+7.7%

Summary: Mahopac housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 7.7%.

Median Sold Price Compared To Nearby Cities

Putnam Valley
+20.2%
Carmel
+12.8%
Mahopac
+12.7%

Housing Supply in Mahopac, NY

How many homes are available in Mahopac, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1071070.0%

Summary: The Mahopac real estate market had 107 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 98
-11.1%
3 5351
-3.8%
4 4244
+4.8%
5+ 11
0.0%

Summary: The Mahopac housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2428+16.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mahopac, you could pay more than the asking price. 53.6% of homes here sold above asking price last month.

Summary: A total of 28 homes were sold or pending in Mahopac in October 2024, up by 16.7% month-over-month. Of the 28 sold homes, 25% were sold under asking, 21% were sold at asking, and 54% were sold over asking.

Days on Market for Mahopac, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days42 Days+43.5%

Summary: Homes in Mahopac had an average of 42 days on market in Oct 2024, up by 43.5% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 28 homes were sold in Mahopac; 54% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 11% 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 8 Days Ago

Newest Listings in Mahopac, NY

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