Is Rye Brook, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Rye Brook has remained a Seller's Market.
Key Takeaway
Rye Brook is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rye Brook, NY
How much do homes in Rye Brook, NY cost?
Median Sold Price
$950,000
$427/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Rye Brook have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Rye Brook was $950,000 in November 2023, up 1.6% from last year, and the median price per square foot was $427.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | $337.5K | +2.3% |
| 2 Bedrooms | $585K | $594.5K | +1.6% |
| 3 Bedrooms | $999.9K | $885K | -11.5% |
| 4 Bedrooms | $1.0M | $1.4M | +36.2% |
| 5+ Bedrooms | $1.1M | $1.0M | -7.5% |
Summary: Rye Brook housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 1.6%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes increased by 36.2%, and 5+ bedroom homes decreased by 7.5%.
Median Sold Price Compared To Nearby Cities
| Rye | $1.7M | $1.8M | +1.9% |
| Rye Brook | $935K | $950K | +1.6% |
| Port Chester | $644.2K | $638.7K | -0.9% |
| Greenwich | $1.6M | $1.5M | -3.5% |
| Harrison | $1.3M | $1.1M | -11.2% |
Housing Supply in Rye Brook, NY
How many homes are available in Rye Brook, NY?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 44 | 41 | -6.8% |
Summary: The Rye Brook real estate market had 41 homes for sale in November 2023, a 6.8% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Rye Brook housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rye Brook, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Rye Brook in November 2023, up by 10.0% month-over-month. Of the 11 sold homes, 27% were sold under asking, 0% were sold at asking, and 73% were sold over asking.
Days on Market for Rye Brook, NY
How long does it take to sell a home in Rye Brook, NY?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 65 Days | 29 Days | -54.4% |
Summary: Homes in Rye Brook had an average of 29 days on market in Nov 2023, down by 54.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rye Brook are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 11 homes were sold in Rye Brook; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% 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.