Is Scarsdale, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scarsdale is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Scarsdale was a Seller's Market.

Key Takeaway

Scarsdale is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Scarsdale, NY

How much do homes in Scarsdale, NY cost?

Median Sold Price

$1,456,979

$514/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$283,312(+24.1%)

Key Takeaway

Homes in Scarsdale have sold for 24.1% more than they did a year ago.

Summary: The median home sold price in Scarsdale was $1,456,979 in September 2024, up 24.1% from last year, and the median price per square foot was $514.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $195.8K$215K
+9.8%
2 $361.5K$447.5K
+23.8%
3 $926.5K$950K
+2.5%
4 $1.2M$1.6M
+25.4%
5+ $2.2M$2.3M
+8.0%

Summary: Scarsdale housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 23.8%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 25.4%, and 5+ bedroom homes increased by 8%.

Median Sold Price Compared To Nearby Cities

Scarsdale
+24.1%
Hartsdale
+16.5%
White Plains
+15.6%
Harrison
+14.5%
New Rochelle
+12.9%

Housing Supply in Scarsdale, NY

How many homes are available in Scarsdale, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
220196-10.9%

Summary: The Scarsdale real estate market had 196 homes for sale in September 2024, a 10.9% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 2531
+24.0%
2 1817
-5.6%
3 3735
-5.4%
4 4539
-13.3%
5+ 9574
-22.1%

Summary: The Scarsdale housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 24%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 22.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
6732-52.2%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scarsdale, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.

Summary: A total of 32 homes were sold or pending in Scarsdale in September 2024, down by 52.2% month-over-month. Of the 32 sold homes, 31% were sold under asking, 13% were sold at asking, and 56% were sold over asking.

Days on Market for Scarsdale, NY

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

Average Sale Time

Sep 2023Sep 2024CHANGE
40 Days47 Days+18.6%

Summary: Homes in Scarsdale had an average of 47 days on market in Sep 2024, up by 18.6% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 32 homes were sold in Scarsdale; 66% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 16% 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 22 Days Ago

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