Is Philipstown, 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, Philipstown has remained a Buyer's Market.
Housing Prices in Philipstown, NY
How much do homes in Philipstown, NY cost?
Median Sold Price
$625,000
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Philipstown was $625,000 in March 2024, down 3.8% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $305K | $345K | +13.1% |
2 Bedrooms | $522.5K | $430K | -17.7% |
3 Bedrooms | $675K | $614K | -9.0% |
4 Bedrooms | $875K | $647.4K | -26.0% |
5+ Bedrooms | $798.7K | $902.5K | +13.0% |
Summary: Philipstown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes decreased by 17.7%, 3 bedroom homes decreased by 9%, 4 bedroom homes decreased by 26%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
Garrison | $640K | $635K | -0.8% |
Philipstown | $650K | $625K | -3.8% |
Cold Spring | $665K | $590K | -11.3% |
Housing Supply in Philipstown, NY
How many homes are available in Philipstown, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 41 | +13.9% |
Summary: The Philipstown real estate market had 41 homes for sale in March 2024, a 13.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 13 | 18 | +38.5% |
4 Bedrooms | 9 | 7 | -22.2% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Philipstown 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 increased by 28.6%, 3 bedroom homes increased by 38.5%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 2 | -71.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Philipstown in March 2024, down by 71.4% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Philipstown, NY
How long does it take to sell a home in Philipstown, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
118 Days | 117 Days | -1.3% |
Summary: Homes in Philipstown had an average of 117 days on market in Mar 2024, down by 1.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Philipstown; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.