Is Southeast, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Southeast has remained a Neutral Market.
Housing Prices in Southeast, NY
How much do homes in Southeast, NY cost?
Median Sold Price
$480,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Southeast was $480,000 in March 2024, up 12.9% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $322.5K | +13.2% |
2 Bedrooms | $360K | $380K | +5.6% |
3 Bedrooms | $475K | $525K | +10.5% |
4 Bedrooms | $602K | $685K | +13.8% |
5+ Bedrooms | $630K | $885K | +40.5% |
Summary: Southeast housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.2%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 40.5%.
Median Sold Price Compared To Nearby Cities
Brewster | $440K | $525K | +19.3% |
North Salem | $615K | $702K | +14.1% |
Southeast | $425K | $480K | +12.9% |
Patterson | $399K | $444.5K | +11.4% |
Danbury | $420K | $423.3K | +0.8% |
Housing Supply in Southeast, NY
How many homes are available in Southeast, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 65 | +10.2% |
Summary: The Southeast real estate market had 65 homes for sale in March 2024, a 10.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 9 | +28.6% |
2 Bedrooms | 16 | 15 | -6.3% |
3 Bedrooms | 15 | 19 | +26.7% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Southeast housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 10 | -23.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Southeast in March 2024, down by 23.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for Southeast, NY
How long does it take to sell a home in Southeast, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 52 Days | +4.0% |
Summary: Homes in Southeast had an average of 52 days on market in Mar 2024, up by 4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Southeast; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.