Is Pelham Manor, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$1,250,000
$435/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $171K | $216K | +26.3% |
2 Bedrooms | $315K | $335K | +6.3% |
3 Bedrooms | $807K | $999K | +23.8% |
4 Bedrooms | $1.2M | $1.2M | +2.0% |
5+ Bedrooms | $1.5M | $2.0M | +29.1% |
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 | $887K | $1.2M | +40.9% |
Pelham | $899K | $982K | +9.2% |
New Rochelle | $699.2K | $724.8K | +3.7% |
Mount Vernon | $522.5K | $481K | -7.9% |
Housing Supply in Pelham Manor, NY
How many homes are available in Pelham Manor, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 33 | +10.0% |
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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 5 | 8 | +60.0% |
5+ Bedrooms | 11 | 11 | 0.0% |
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 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 7 | +250.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
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 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 74 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
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.