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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mamaroneck is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Mamaroneck was a Neutral Market.

Key Takeaway

Mamaroneck is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Mamaroneck, NY cost?

Median Sold Price

$746,250

$425/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$21,250(+2.9%)

Key Takeaway

Homes in Mamaroneck have sold for 2.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $257K$259K
+0.8%
2 $420K$399.5K
-4.9%
3 $740K$727.5K
-1.7%
4 $905K$1.1M
+21.5%
5+ $1.9M$1.3M
-31.8%

Median Sold Price Compared To Nearby Cities

Harrison
+15.8%
Mamaroneck
+2.9%
Rye
-0.2%

How many homes are available in Mamaroneck, NY?

Number of Homes For Sale

Oct 2022Nov 2022%
7973-7.6%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 1214
+16.7%
2 97
-22.2%
3 2827
-3.6%
4 2018
-10.0%
5+ 107
-30.0%

Number of Homes Sold

Oct 2022Nov 2022%
1910-47.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mamaroneck, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
42 Days70 Days+65.4%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mamaroneck has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Mamaroneck, NY

Number of homes for sale in Mamaroneck, NY real estate market have reached 73. The inventory of homes for sale in Mamaroneck, NY between October 2022 and November 2022 decreased by 7.6%. In November 2022 median list price was $746,250 and the average listing age was 70 days. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties became 0.8% more expensive, prices of 2 bedrooms properties decreased by 4.9%, 3 bedrooms properties became 1.7% more cheaper, 4 bedrooms properties became 21.5% more expensive, the cost of 5 bedrooms properties went down by 31.8%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory increased by 16.7%, number of 2 bedrooms homes decreased by 22.2%, volume of 3 bedrooms homes went down by 3.6%, number of 4 bedrooms homes decreased by 10%, number of 5 bedrooms homes decreased by 30%. While more than 2 listings in Mamaroneck, NY in November 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 7 were sold below.

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