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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Castle is a buyer's market

Buyer's
Market

Difference Since March 2023

Since last year, North Castle has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in North Castle, NY

How much do homes in North Castle, NY cost?

Median Sold Price

$1,400,000

$426/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$87,500(+6.7%)

Key Takeaway

Homes in North Castle have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in North Castle was $1,400,000 in March 2024, up 6.7% from last year, and the median price per square foot was $426.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $470K$525K
+11.7%
2 $575K$689.5K
+19.9%
3 $1.0M$1.0M
-5.7%
4 $1.5M$1.4M
-5.4%
5+ $2.3M$2.7M
+16.4%

Summary: North Castle housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 19.9%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 16.4%.

Median Sold Price Compared To Nearby Cities

North Castle
+6.7%
Mount Pleasant
+6.5%
Chappaqua
-1.0%
Armonk
-1.7%
Rye Brook
-11.1%

Housing Supply in North Castle, NY

How many homes are available in North Castle, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4955+12.2%

Summary: The North Castle real estate market had 55 homes for sale in March 2024, a 12.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 77
0.0%
3 910
+11.1%
4 2221
-4.5%
5+ 1117
+54.5%

Summary: The North 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 54.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Castle, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in North Castle in March 2024, down by 12.5% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.

Days on Market for North Castle, NY

How long does it take to sell a home in North Castle, NY?

Average Sale Time

Mar 2023Mar 2024CHANGE
164 Days80 Days-50.9%

Summary: Homes in North Castle had an average of 80 days on market in Mar 2024, down by 50.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 7 homes were sold in North Castle; 57% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 43% 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 24 Days Ago

Newest Listings in North Castle, NY

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