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 September 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

$432,500

$289/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$27,500(+6.8%)

Key Takeaway

Homes in Peekskill have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Peekskill was $432,500 in September 2024, up 6.8% from last year, and the median price per square foot was $289.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $128K$135K
+5.5%
2 $372K$407.5K
+9.5%
3 $480K$525K
+9.4%
4 $527.5K$640K
+21.3%
5+ $630K$597.5K
-5.2%

Summary: Peekskill housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes decreased by 5.2%.

Median Sold Price Compared To Nearby Cities

Cortlandt Manor
+15.2%
Cortlandt
+11.9%
Peekskill
+6.8%
Buchanan
-4.9%

Housing Supply in Peekskill, NY

How many homes are available in Peekskill, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
10598-6.7%

Summary: The Peekskill real estate market had 98 homes for sale in September 2024, a 6.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 1815
-16.7%
2 3330
-9.1%
3 3030
0.0%
4 1616
0.0%
5+ 87
-12.5%

Summary: The Peekskill housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1822+22.2%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Peekskill, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.

Summary: A total of 22 homes were sold or pending in Peekskill in September 2024, up by 22.2% month-over-month. Of the 22 sold homes, 23% were sold under asking, 14% were sold at asking, and 64% 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

Sep 2023Sep 2024CHANGE
29 Days37 Days+25.9%

Summary: Homes in Peekskill had an average of 37 days on market in Sep 2024, up by 25.9% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were 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 September 2024, 22 homes were sold in Peekskill; 68% of homes were sold within 30 days, 23% 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 5 Days Ago

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