Is Tuxedo Park, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tuxedo Park is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Tuxedo Park was a Seller'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

$675,000

$327/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

-$72,500(-9.7%)

Key Takeaway

Homes in Tuxedo Park have sold for 9.7% less than they did a month ago.

Summary: The median home sold price in Tuxedo Park was $675,000 in August 2024, down 9.7% from last month, and the median price per square foot was $327.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 --
N/A
2 -$675K
N/A
3 $919.5K-
N/A
4 $747.5K-
N/A
5+ $1.3M-
N/A

Summary: Tuxedo Park housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Tuxedo Park, NY

How many homes are available in Tuxedo Park, NY?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
2726-3.7%

Summary: The Tuxedo Park real estate market had 26 homes for sale in August 2024, a 3.7% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 33
0.0%
3 88
0.0%
4 910
+11.1%
5+ 75
-28.6%

Summary: The Tuxedo Park housing inventory by bedroom type for August 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 11.1%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tuxedo Park, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Tuxedo Park in August 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Jul 2024Aug 2024CHANGE
62 Days15 Days-76.0%

Summary: Homes in Tuxedo Park had an average of 15 days on market in Aug 2024, down by 76% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2024, 2 homes were sold in Tuxedo Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Tuxedo Park, NY

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