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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scarsdale is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Scarsdale, NY

How much do homes in Scarsdale, NY cost?

Median Sold Price

$1,312,750

$492/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$173,305(+15.2%)

Key Takeaway

Homes in Scarsdale have sold for 15.2% more than they did a year ago.

Summary: The median home sold price in Scarsdale was $1,312,750 in June 2024, up 15.2% from last year, and the median price per square foot was $492.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $195K$205K
+5.1%
2 $346.2K$407.4K
+17.7%
3 $887.5K$992K
+11.8%
4 $1.3M$1.5M
+18.7%
5+ $2.3M$2.2M
-5.3%

Summary: Scarsdale housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes decreased by 5.3%.

Median Sold Price Compared To Nearby Cities

Scarsdale
+15.2%
New Rochelle
+8.8%
Harrison
+7.8%
White Plains
+6.8%
Hartsdale
-2.1%

Housing Supply in Scarsdale, NY

How many homes are available in Scarsdale, NY?

Number of Homes For Sale

May 2024Jun 2024CHANGE
276289+4.7%

Summary: The Scarsdale real estate market had 289 homes for sale in June 2024, a 4.7% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 2321
-8.7%
2 2825
-10.7%
3 3938
-2.6%
4 7072
+2.9%
5+ 116133
+14.7%

Summary: The Scarsdale housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.7%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 14.7%.

Number of Homes Sold

May 2024Jun 2024CHANGE
3754+45.9%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

44 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. 81.5% of homes here sold above asking price last month.

Summary: A total of 54 homes were sold or pending in Scarsdale in June 2024, up by 45.9% month-over-month. Of the 54 sold homes, 13% were sold under asking, 6% were sold at asking, and 81% 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

Jun 2023Jun 2024CHANGE
41 Days24 Days-41.2%

Summary: Homes in Scarsdale had an average of 24 days on market in Jun 2024, down by 41.2% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 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 June 2024, 54 homes were sold in Scarsdale; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 6% 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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