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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mamaroneck is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Mamaroneck, NY

How much do homes in Mamaroneck, NY cost?

Median Sold Price

$865,000

$476/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$146,250(+20.3%)

Key Takeaway

Homes in Mamaroneck have sold for 20.3% more than they did a year ago.

Summary: The median home sold price in Mamaroneck was $865,000 in September 2024, up 20.3% from last year, and the median price per square foot was $476.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $204.5K$220K
+7.6%
2 $455K$436.2K
-4.1%
3 $725K$865K
+19.3%
4 $1.2M$1.3M
+7.6%
5+ $1.0M$2.0M
+88.3%

Summary: Mamaroneck housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 88.3%.

Median Sold Price Compared To Nearby Cities

Rye
+22.4%
Mamaroneck
+20.3%
Harrison
+14.5%

Housing Supply in Mamaroneck, NY

How many homes are available in Mamaroneck, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
8475-10.7%

Summary: The Mamaroneck real estate market had 75 homes for sale in September 2024, a 10.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 1619
+18.8%
2 2123
+9.5%
3 1413
-7.1%
4 2413
-45.8%
5+ 97
-22.2%

Summary: The Mamaroneck housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 9.5%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 45.8%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2221-4.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 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. 42.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Mamaroneck in September 2024, down by 4.5% month-over-month. Of the 21 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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

Sep 2023Sep 2024CHANGE
36 Days47 Days+30.3%

Summary: Homes in Mamaroneck had an average of 47 days on market in Sep 2024, up by 30.3% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 21 homes were sold in Mamaroneck; 52% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% 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 30 Days Ago

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