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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Rochelle is a neutral's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

New Rochelle is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in New Rochelle, NY

How much do homes in New Rochelle, NY cost?

Median Sold Price

$779,166

$378/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$89,166(+12.9%)

Key Takeaway

Homes in New Rochelle have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in New Rochelle was $779,166 in September 2024, up 12.9% from last year, and the median price per square foot was $378.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $172K$189.5K
+10.2%
2 $329.5K$358.5K
+8.8%
3 $724.9K$825K
+13.8%
4 $863K$932.5K
+8.1%
5+ $919K$1.1M
+23.5%

Summary: New Rochelle housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 23.5%.

Median Sold Price Compared To Nearby Cities

Pelham
+30.9%
Scarsdale
+24.1%
New Rochelle
+12.9%
Eastchester
+3.6%

Housing Supply in New Rochelle, NY

How many homes are available in New Rochelle, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
283285+0.7%

Summary: The New Rochelle real estate market had 285 homes for sale in September 2024, a 0.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 5363
+18.9%
2 4845
-6.3%
3 6368
+7.9%
4 5049
-2.0%
5+ 6960
-13.0%

Summary: The New Rochelle housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.9%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 13%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
5045-10.0%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Rochelle, you could pay more than the asking price. 51.1% of homes here sold above asking price last month.

Summary: A total of 45 homes were sold or pending in New Rochelle in September 2024, down by 10.0% month-over-month. Of the 45 sold homes, 40% were sold under asking, 9% were sold at asking, and 51% 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

Sep 2023Sep 2024CHANGE
51 Days37 Days-27.6%

Summary: Homes in New Rochelle had an average of 37 days on market in Sep 2024, down by 27.6% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 45 homes were sold in New Rochelle; 60% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 9% 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 6 Days Ago

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