Is Tuxedo Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Tuxedo Park has remained a Buyer's Market.
Key Takeaway
Tuxedo Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tuxedo Park, NY
How much do homes in Tuxedo Park, NY cost?
Median Sold Price
$721,000
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tuxedo Park have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in Tuxedo Park was $721,000 in April 2024, up 15.9% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $280K | +40.0% |
| 2 Bedrooms | $527K | $489K | -7.2% |
| 3 Bedrooms | $612.5K | $442K | -27.8% |
| 4 Bedrooms | $932.5K | $812.5K | -12.9% |
| 5+ Bedrooms | $1.3M | $1.7M | +26.1% |
Summary: Tuxedo Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 27.8%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes increased by 26.1%.
Median Sold Price Compared To Nearby Cities
| Tuxedo Park | $622.2K | $721K | +15.9% |
| Tuxedo | $610K | $630K | +3.3% |
Housing Supply in Tuxedo Park, NY
How many homes are available in Tuxedo Park, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Summary: The Tuxedo Park real estate market had 29 homes for sale in April 2024, a 7.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Tuxedo Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tuxedo Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Tuxedo Park in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Tuxedo Park, NY
How long does it take to sell a home in Tuxedo Park, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 13 Days | 145 Days | +1015.4% |
Summary: Homes in Tuxedo Park had an average of 145 days on market in Apr 2024, up by 1015.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Tuxedo Park are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 3 homes were sold in Tuxedo Park; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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.