Is Piermont, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Piermont was a Seller's Market.
Housing Prices in Piermont, NY
How much do homes in Piermont, NY cost?
Median Sold Price
$687,500
$388/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Piermont was $687,500 in March 2024, up 52.8% from last year, and the median price per square foot was $388.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $245K | $330.4K | +34.9% |
2 Bedrooms | $317.5K | $615K | +93.7% |
3 Bedrooms | $796.2K | $663.7K | -16.6% |
4 Bedrooms | $871.2K | $662.5K | -24.0% |
5+ Bedrooms | $975K | $892.5K | -8.5% |
Summary: Piermont housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.9%, 2 bedroom homes increased by 93.7%, 3 bedroom homes decreased by 16.6%, 4 bedroom homes decreased by 24%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Cities
Piermont | $450K | $687.5K | +52.8% |
Orangeburg | $578K | $613K | +6.1% |
Housing Supply in Piermont, NY
How many homes are available in Piermont, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 23 | +15.0% |
Summary: The Piermont real estate market had 23 homes for sale in March 2024, a 15.0% 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 | 6 | 6 | 0.0% |
3 Bedrooms | 5 | 8 | +60.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Piermont 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 increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Piermont in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Piermont, NY
How long does it take to sell a home in Piermont, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
139 Days | 45 Days | -67.8% |
Summary: Homes in Piermont had an average of 45 days on market in Mar 2024, down by 67.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Piermont; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.