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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southeast is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Southeast, NY cost?

Median Sold Price

$405,500

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$19,416(+5.0%)

Key Takeaway

Homes in Southeast have sold for 5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $259.2K$277K
+6.8%
2 $312.5K$364.5K
+16.6%
3 $407.5K$480K
+17.8%
4 $605K$584.5K
-3.4%
5+ $515K$657K
+27.6%

Median Sold Price Compared To Nearby Cities

Patterson
+15.8%
Danbury
+11.1%
Southeast
+5.0%
North Salem
-12.6%

How many homes are available in Southeast, NY?

Number of Homes For Sale

Oct 2022Nov 2022%
114108-5.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 104
-60.0%
2 2529
+16.0%
3 3633
-8.3%
4 3635
-2.8%
5+ 77
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
1820+11.1%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southeast, you may be able to get a good deal. 45% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
42 Days45 Days+5.9%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Southeast, NY

Homes for sale in Southeast, NY have reached 108. Between October 2022 and November 2022, Southeast, NY real estate market has seen decrease in the number of listings by 5.3%. The median list price of listings available in November 2022 was $405,500, while the average time on the real estate market was 45 days. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 6.8%, prices of 2 bedrooms properties increased by 16.6%, 3 bedrooms properties became 17.8% more expensive, prices of 4 bedrooms properties went down by 3.4%, the cost of 5 bedrooms properties went up by 27.6%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went down by 60%, volume of 2 bedrooms homes went up by 16%, number of 3 bedrooms homes decreased by 8.3%, volume of 4 bedrooms homes went down by 2.8%, number of 5 bedrooms homes remained the same. Southeast, NY housing market in November 2022 saw over 9 listings sold above listed price, more than 2 sold at listed price and over 9 sold below.

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