Is Pelham Manor, 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 Manor has remained a Seller's Market.
Housing Prices in Pelham Manor, NY
How much do homes in Pelham Manor, NY cost?
Median Sold Price
$1,300,000
$454/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Pelham Manor was $1,300,000 in June 2024, up 42.9% from last year, and the median price per square foot was $454.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $172K | $220K | +27.9% |
2 Bedrooms | $320K | $325K | +1.6% |
3 Bedrooms | $700K | $1.0M | +53.6% |
4 Bedrooms | $1.2M | $1.3M | +0.8% |
5+ Bedrooms | $1.6M | $2.1M | +29.8% |
Summary: Pelham Manor housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.9%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 53.6%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 29.8%.
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 Manor, NY
How many homes are available in Pelham Manor, NY?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
39 | 36 | -7.7% |
Summary: The Pelham Manor real estate market had 36 homes for sale in June 2024, a 7.7% decrease 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 | 5 | 6 | +20.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 12 | 10 | -16.7% |
5+ Bedrooms | 12 | 9 | -25.0% |
Summary: The Pelham Manor 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 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Pelham Manor in June 2024, up by 42.9% month-over-month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for Pelham Manor, NY
How long does it take to sell a home in Pelham Manor, NY?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
17 Days | 23 Days | +37.1% |
Summary: Homes in Pelham Manor had an average of 23 days on market in Jun 2024, up by 37.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 10 homes were sold in Pelham Manor; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.