Is Scarsdale, 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, Scarsdale was a Neutral Market.
Key Takeaway
Scarsdale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Scarsdale, NY
How much do homes in Scarsdale, NY cost?
Median Sold Price
$1,266,625
$481/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Scarsdale have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Scarsdale was $1,266,625 in March 2024, up 11.8% from last year, and the median price per square foot was $481.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $200K | +2.6% |
| 2 Bedrooms | $346.2K | $393.5K | +13.6% |
| 3 Bedrooms | $865K | $999K | +15.5% |
| 4 Bedrooms | $1.3M | $1.3M | +0.6% |
| 5+ Bedrooms | $2.3M | $2.3M | -2.1% |
Summary: Scarsdale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Scarsdale | $1.1M | $1.2M | +11.8% |
| New Rochelle | $699.2K | $724.8K | +3.7% |
| White Plains | $552.5K | $572K | +3.5% |
| Harrison | $1.3M | $1.2M | -5.9% |
| Hartsdale | $416.5K | $345K | -17.2% |
Housing Supply in Scarsdale, NY
How many homes are available in Scarsdale, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 163 | 214 | +31.3% |
Summary: The Scarsdale real estate market had 214 homes for sale in March 2024, a 31.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 24 | +4.3% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 23 | 30 | +30.4% |
| 4 Bedrooms | 28 | 46 | +64.3% |
| 5+ Bedrooms | 73 | 96 | +31.5% |
Summary: The Scarsdale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 30.4%, 4 bedroom homes increased by 64.3%, and 5+ bedroom homes increased by 31.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 22 | +29.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Scarsdale, you could pay more than the asking price. 59.1% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Scarsdale in March 2024, up by 29.4% month-over-month. Of the 22 sold homes, 27% were sold under asking, 14% were sold at asking, and 59% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 114 Days | 43 Days | -61.8% |
Summary: Homes in Scarsdale had an average of 43 days on market in Mar 2024, down by 61.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Scarsdale are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 22 homes were sold in Scarsdale; 64% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 14% 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.