Is New Rochelle, 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, New Rochelle has remained a Buyer's Market.
Key Takeaway
New Rochelle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Rochelle, NY
How much do homes in New Rochelle, NY cost?
Median Sold Price
$724,800
$352/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in New Rochelle have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in New Rochelle was $724,800 in March 2024, up 3.7% from last year, and the median price per square foot was $352.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168.2K | $180K | +7.0% |
| 2 Bedrooms | $350K | $330K | -5.7% |
| 3 Bedrooms | $720K | $777.5K | +8.0% |
| 4 Bedrooms | $842K | $894.5K | +6.2% |
| 5+ Bedrooms | $925K | $917K | -0.9% |
Summary: New Rochelle housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Scarsdale | $1.1M | $1.2M | +11.8% |
| Pelham | $899K | $982K | +9.2% |
| New Rochelle | $699.2K | $724.8K | +3.7% |
| Eastchester | $721.5K | $718K | -0.5% |
Housing Supply in New Rochelle, NY
How many homes are available in New Rochelle, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 223 | 253 | +13.5% |
Summary: The New Rochelle real estate market had 253 homes for sale in March 2024, a 13.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 52 | 58 | +11.5% |
| 2 Bedrooms | 43 | 42 | -2.3% |
| 3 Bedrooms | 50 | 59 | +18.0% |
| 4 Bedrooms | 39 | 48 | +23.1% |
| 5+ Bedrooms | 39 | 46 | +17.9% |
Summary: The New Rochelle housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.5%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 17.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 31 | -6.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Rochelle, you may be able to get a good deal. 61.3% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in New Rochelle in March 2024, down by 6.1% month-over-month. Of the 31 sold homes, 61% were sold under asking, 6% were sold at asking, and 32% were sold over asking.
Days on Market for New Rochelle, NY
How long does it take to sell a home in New Rochelle, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 90 Days | 53 Days | -40.2% |
Summary: Homes in New Rochelle had an average of 53 days on market in Mar 2024, down by 40.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Rochelle are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 31 homes were sold in New Rochelle; 42% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 19% 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.