Is Pelham Gardens, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Pelham Gardens was a Buyer's Market.
Key Takeaway
Pelham Gardens is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Pelham Gardens, NY
How much do homes in Pelham Gardens, NY cost?
Median Sold Price
$693,700
$387/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pelham Gardens have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Pelham Gardens was $693,700 in April 2024, up 1.3% from last year, and the median price per square foot was $387.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $515K | $535K | +3.9% |
| 3 Bedrooms | $645K | $655K | +1.6% |
| 4 Bedrooms | $685K | $765K | +11.7% |
| 5+ Bedrooms | $960K | $939K | -2.2% |
Summary: Pelham Gardens housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Laconia | $635K | $750K | +18.1% |
| Pelham Gardens | $685K | $693.7K | +1.3% |
| Pelham Bay | $790K | $705K | -10.8% |
Housing Supply in Pelham Gardens, NY
How many homes are available in Pelham Gardens, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 41 | +36.7% |
Summary: The Pelham Gardens real estate market had 41 homes for sale in April 2024, a 36.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 12 | 19 | +58.3% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Pelham Gardens housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 58.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pelham Gardens, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Pelham Gardens in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Pelham Gardens, NY
How long does it take to sell a home in Pelham Gardens, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 103 Days | +146.4% |
Summary: Homes in Pelham Gardens had an average of 103 days on market in Apr 2024, up by 146.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pelham Gardens has remained consistent over time.
Summary: During April 2024, 6 homes were sold in Pelham Gardens; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.