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

Housing Market Conditions



Gauge showing Pelham Manor is a seller's market


Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Pelham Manor, NY

How much do homes in Pelham Manor, NY cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since March 2023


Key Takeaway

Homes in Pelham Manor have sold for 40.9% more than they did a year ago.

Summary: The median home sold price in Pelham Manor was $1,250,000 in March 2024, up 40.9% from last year, and the median price per square foot was $435.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $171K$216K
2 $315K$335K
3 $807K$999K
4 $1.2M$1.2M
5+ $1.5M$2.0M

Summary: Pelham Manor housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 29.1%.

Median Sold Price Compared To Nearby Cities

Pelham Manor
New Rochelle
Mount Vernon

Housing Supply in Pelham Manor, NY

How many homes are available in Pelham Manor, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE

Summary: The Pelham Manor real estate market had 33 homes for sale in March 2024, a 10.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 33
2 44
3 77
4 58
5+ 1111

Summary: The Pelham Manor 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 60%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pelham Manor, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Pelham Manor in March 2024, up by 250.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% 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

Mar 2023Mar 2024CHANGE
52 Days74 Days+42.3%

Summary: Homes in Pelham Manor had an average of 74 days on market in Mar 2024, up by 42.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 7 homes were sold in Pelham Manor; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% 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 20 Days Ago

Newest Listings in Pelham Manor, NY

Nearby Markets to Pelham Manor, NY

What housing markets are near Pelham Manor, NY?