Is Pelham, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Pelham has remained a Seller's Market.
Housing Prices in Pelham, NY
How much do homes in Pelham, NY cost?
Median Sold Price
$1,150,000
$478/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Pelham was $1,150,000 in June 2024, up 28.5% from last year, and the median price per square foot was $478.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $164.7K | $211K | +28.1% |
2 Bedrooms | $419K | $415K | -1.0% |
3 Bedrooms | $766K | $1.0M | +40.3% |
4 Bedrooms | $1.1M | $1.1M | +1.6% |
5+ Bedrooms | $1.6M | $1.7M | +9.9% |
Summary: Pelham housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.1%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 40.3%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Cities
Pelham Manor | $910K | $1.3M | +42.9% |
Pelham | $895K | $1.1M | +28.5% |
New Rochelle | $685.5K | $745.5K | +8.8% |
Mount Vernon | $520K | $470K | -9.6% |
Housing Supply in Pelham, NY
How many homes are available in Pelham, NY?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
59 | 66 | +11.9% |
Summary: The Pelham real estate market had 66 homes for sale in June 2024, a 11.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 11 | 17 | +54.5% |
4 Bedrooms | 19 | 17 | -10.5% |
5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Pelham housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 54.5%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
9 | 17 | +88.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Pelham in June 2024, up by 88.9% month-over-month. Of the 17 sold homes, 18% were sold under asking, 6% were sold at asking, and 76% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
18 Days | 22 Days | +22.3% |
Summary: Homes in Pelham had an average of 22 days on market in Jun 2024, up by 22.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 17 homes were sold in Pelham; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.