Is New Castle, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Castle is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, New Castle was a Seller's Market.

Key Takeaway

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

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

+$5,000(+0.4%)

Key Takeaway

The sold price of homes in New Castle has remained the same since last year.

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

# BEDSMar 2023Mar 2024CHANGE
1 $372.5K$450K
+20.8%
2 $642.5K$677.5K
+5.4%
3 $897.5K$974.5K
+8.6%
4 $1.2M$1.3M
+9.7%
5+ $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
+11.6%
Mount Kisco
+4.5%
New Castle
0.4%
Chappaqua
-1.0%

Housing Supply in New Castle, NY

How many homes are available in New Castle, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6784+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

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 58
+60.0%
3 2024
+20.0%
4 2429
+20.8%
5+ 1722
+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 2024Mar 2024CHANGE
98-11.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Castle, you could pay more than the asking price. 50% of homes here sold above asking price last month.

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 2023Mar 2024CHANGE
78 Days27 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 22 Days Ago

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