Is Rye Brook, 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, Rye Brook was a Seller's Market.
Key Takeaway
Rye Brook is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rye Brook, NY
How much do homes in Rye Brook, NY cost?
Median Sold Price
$885,000
$423/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Rye Brook have sold for 11.1% less than they did a year ago.
Summary: The median home sold price in Rye Brook was $885,000 in March 2024, down 11.1% from last year, and the median price per square foot was $423.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $342.5K | $336.5K | -1.8% |
| 2 Bedrooms | $577.5K | $675K | +16.9% |
| 3 Bedrooms | $995K | $845K | -15.1% |
| 4 Bedrooms | $1.1M | $1.4M | +23.8% |
| 5+ Bedrooms | $1.3M | $1.0M | -24.5% |
Summary: Rye Brook housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 16.9%, 3 bedroom homes decreased by 15.1%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes decreased by 24.5%.
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 Brook, NY
How many homes are available in Rye Brook, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 38 | +15.2% |
Summary: The Rye Brook real estate market had 38 homes for sale in March 2024, a 15.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 10 | 14 | +40.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Rye Brook housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rye Brook, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Rye Brook in March 2024, down by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 81 Days | 23 Days | -71.4% |
Summary: Homes in Rye Brook had an average of 23 days on market in Mar 2024, down by 71.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rye Brook are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Rye Brook; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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.