Is Rye, 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, Rye has remained a Buyer's Market.
Key Takeaway
Rye is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rye, NY
How much do homes in Rye, NY cost?
Median Sold Price
$1,825,000
$647/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Rye have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Rye was $1,825,000 in March 2024, down 2.7% from last year, and the median price per square foot was $647.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $282.5K | $239.2K | -15.3% |
| 2 Bedrooms | $565K | $590K | +4.4% |
| 3 Bedrooms | $1.1M | $1.2M | +6.7% |
| 4 Bedrooms | $1.6M | $1.8M | +7.8% |
| 5+ Bedrooms | $2.9M | $3.1M | +8.4% |
Summary: Rye housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.3%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
| Greenwich | $1.5M | $1.6M | +8.0% |
| Port Chester | $617.5K | $666.2K | +7.9% |
| Rye | $1.8M | $1.8M | -2.7% |
| Harrison | $1.3M | $1.2M | -5.9% |
| Rye Brook | $995K | $885K | -11.1% |
Housing Supply in Rye, NY
How many homes are available in Rye, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 84 | 89 | +6.0% |
Summary: The Rye real estate market had 89 homes for sale in March 2024, a 6.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 20 | 22 | +10.0% |
| 5+ Bedrooms | 39 | 44 | +12.8% |
Summary: The Rye 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 decreased by 12.5%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 12.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rye, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Rye in March 2024, down by 35.7% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for Rye, NY
How long does it take to sell a home in Rye, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 84 Days | 65 Days | -22.7% |
Summary: Homes in Rye had an average of 65 days on market in Mar 2024, down by 22.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rye are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Rye; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.