Is Mamaroneck, 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, Mamaroneck has remained a Neutral Market.
Key Takeaway
Mamaroneck 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 Mamaroneck, NY
How much do homes in Mamaroneck, NY cost?
Median Sold Price
$740,000
$445/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mamaroneck have sold for 3.5% less than they did a year ago.
Summary: The median home sold price in Mamaroneck was $740,000 in March 2024, down 3.5% from last year, and the median price per square foot was $445.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242.5K | $202.5K | -16.5% |
| 2 Bedrooms | $395K | $482.5K | +22.2% |
| 3 Bedrooms | $735K | $770K | +4.8% |
| 4 Bedrooms | $1.1M | $1.2M | +7.4% |
| 5+ Bedrooms | $1.3M | $1.3M | 0.4% |
Summary: Mamaroneck housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.5%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 0.4%.
Housing Supply in Mamaroneck, NY
How many homes are available in Mamaroneck, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 70 | +37.3% |
Summary: The Mamaroneck real estate market had 70 homes for sale in March 2024, a 37.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 10 | +42.9% |
| 2 Bedrooms | 14 | 17 | +21.4% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 9 | 15 | +66.7% |
| 5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Mamaroneck housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mamaroneck, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Mamaroneck in March 2024, up by 57.1% month-over-month. Of the 11 sold homes, 36% were sold under asking, 9% were sold at asking, and 55% were sold over asking.
Days on Market for Mamaroneck, NY
How long does it take to sell a home in Mamaroneck, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 147 Days | 50 Days | -65.7% |
Summary: Homes in Mamaroneck had an average of 50 days on market in Mar 2024, down by 65.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mamaroneck are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Mamaroneck; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.