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

Housing Market Conditions



Gauge showing Pelham is a seller's market


Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Pelham, NY

How much do homes in Pelham, NY cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since March 2023


Key Takeaway

Homes in Pelham have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in Pelham was $982,000 in March 2024, up 9.2% from last year, and the median price per square foot was $452.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $159.5K$210K
2 $315K$599K
3 $817.5K$884.5K
4 $1.1M$1.1M
5+ $1.6M$1.6M

Summary: Pelham housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.7%, 2 bedroom homes increased by 90.2%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 2.7%.

Median Sold Price Compared To Nearby Cities

Pelham Manor
New Rochelle
Mount Vernon

Housing Supply in Pelham, NY

How many homes are available in Pelham, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE

Summary: The Pelham real estate market had 47 homes for sale in March 2024, a 4.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 33
2 66
3 1212
4 1011
5+ 1415

Summary: The Pelham 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 remained the same, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pelham, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Pelham in March 2024, up by 100.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.

Days on Market for Pelham, NY

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

Average Sale Time

Mar 2023Mar 2024CHANGE
43 Days72 Days+64.4%

Summary: Homes in Pelham had an average of 72 days on market in Mar 2024, up by 64.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pelham has remained consistent over time.

Summary: During March 2024, 10 homes were sold in Pelham; 30% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 30% 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 Pelham, NY

Nearby Markets to Pelham, NY

What housing markets are near Pelham, NY?