Is Port Chester, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Chester is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Port Chester has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Port Chester, NY

How much do homes in Port Chester, NY cost?

Median Sold Price

$757,000

$392/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$118,250(+18.5%)

Key Takeaway

Homes in Port Chester have sold for 18.5% more than they did a year ago.

Summary: The median home sold price in Port Chester was $757,000 in November 2024, up 18.5% from last year, and the median price per square foot was $392.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $181.7K$174.2K
-4.1%
2 $438.5K$510K
+16.3%
3 $710K$817.5K
+15.1%
4 $810K$822.5K
+1.5%
5+ $720K$865K
+20.1%

Summary: Port Chester housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.1%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 20.1%.

Median Sold Price Compared To Nearby Cities

Port Chester
+18.5%
Rye Brook
+7.2%
Greenwich
-6.0%

Housing Supply in Port Chester, NY

How many homes are available in Port Chester, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7154-23.9%

Summary: The Port Chester real estate market had 54 homes for sale in November 2024, a 23.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1311
-15.4%
2 1411
-21.4%
3 2017
-15.0%
4 118
-27.3%
5+ 137
-46.2%

Summary: The Port Chester housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.4%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 46.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1310-23.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Chester, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Port Chester in November 2024, down by 23.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.

Days on Market for Port Chester, NY

How long does it take to sell a home in Port Chester, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
50 Days36 Days-27.9%

Summary: Homes in Port Chester had an average of 36 days on market in Nov 2024, down by 27.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Port Chester are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in Port Chester; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% 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 1 Day Ago

Newest Listings in Port Chester, NY

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