Is Peekskill, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Peekskill is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Peekskill has remained a Seller's Market.

Key Takeaway

Peekskill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Peekskill, NY

How much do homes in Peekskill, NY cost?

Median Sold Price

$415,750

$257/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$750(+0.2%)

Key Takeaway

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

Summary: The median home sold price in Peekskill was $415,750 in February 2024, up 0.2% from last year, and the median price per square foot was $257.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $129.5K$123.4K
-4.7%
2 $372.5K$382.5K
+2.7%
3 $483K$480K
-0.6%
4 $535K$520K
-2.8%
5+ $592.5K$625K
+5.5%

Summary: Peekskill housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 5.5%.

Median Sold Price Compared To Nearby Cities

Montrose
+15.9%
Cortlandt
+8.8%
Cortlandt Manor
+6.2%
Peekskill
0.2%

Housing Supply in Peekskill, NY

How many homes are available in Peekskill, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7076+8.6%

Summary: The Peekskill real estate market had 76 homes for sale in February 2024, a 8.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 1315
+15.4%
2 2325
+8.7%
3 1719
+11.8%
4 99
0.0%
5+ 88
0.0%

Summary: The Peekskill housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1113+18.2%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Peekskill, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Peekskill in February 2024, up by 18.2% month-over-month. Of the 13 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.

Days on Market for Peekskill, NY

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

Average Sale Time

Feb 2023Feb 2024CHANGE
62 Days46 Days-25.2%

Summary: Homes in Peekskill had an average of 46 days on market in Feb 2024, down by 25.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 13 homes were sold in Peekskill; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% 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 27 Days Ago

Newest Listings in Peekskill, NY

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