Is New Castle, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, New Castle was a Seller's Market.
Housing Prices in New Castle, NY
How much do homes in New Castle, NY cost?
Median Sold Price
$1,180,000
$423/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in New Castle was $1,180,000 in March 2024, up 0.4% from last year, and the median price per square foot was $423.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $372.5K | $450K | +20.8% |
2 Bedrooms | $642.5K | $677.5K | +5.4% |
3 Bedrooms | $897.5K | $974.5K | +8.6% |
4 Bedrooms | $1.2M | $1.3M | +9.7% |
5+ Bedrooms | $1.7M | $1.6M | -7.4% |
Summary: New Castle housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.8%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 7.4%.
Median Sold Price Compared To Nearby Cities
Bedford | $958.5K | $1.0M | +11.6% |
Mount Kisco | $660K | $690K | +4.5% |
New Castle | $1.1M | $1.1M | 0.4% |
Chappaqua | $1.3M | $1.2M | -1.0% |
Housing Supply in New Castle, NY
How many homes are available in New Castle, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
67 | 84 | +25.4% |
Summary: The New Castle real estate market had 84 homes for sale in March 2024, a 25.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 20 | 24 | +20.0% |
4 Bedrooms | 24 | 29 | +20.8% |
5+ Bedrooms | 17 | 22 | +29.4% |
Summary: The New Castle 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 60%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 29.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in New Castle in March 2024, down by 11.1% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for New Castle, NY
How long does it take to sell a home in New Castle, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
78 Days | 27 Days | -65.7% |
Summary: Homes in New Castle had an average of 27 days on market in Mar 2024, down by 65.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in New Castle; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.