Is Warwick, 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, Warwick was a Buyer's Market.
Housing Prices in Warwick, NY
How much do homes in Warwick, NY cost?
Median Sold Price
$528,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Warwick was $528,000 in March 2024, up 4.9% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $241K | $265K | +10.0% |
2 Bedrooms | $321K | $325K | +1.2% |
3 Bedrooms | $460K | $479.9K | +4.3% |
4 Bedrooms | $650.1K | $699K | +7.5% |
5+ Bedrooms | $750K | $613.5K | -18.2% |
Summary: Warwick housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 18.2%.
Housing Supply in Warwick, NY
How many homes are available in Warwick, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
69 | 81 | +17.4% |
Summary: The Warwick real estate market had 81 homes for sale in March 2024, a 17.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 8 | 11 | +37.5% |
3 Bedrooms | 32 | 35 | +9.4% |
4 Bedrooms | 21 | 25 | +19.0% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Warwick housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Warwick in March 2024, the same as the previous month. Of the 12 sold homes, 58% were sold under asking, 33% were sold at asking, and 8% were sold over asking.
Days on Market for Warwick, NY
How long does it take to sell a home in Warwick, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 69 Days | +11.1% |
Summary: Homes in Warwick had an average of 69 days on market in Mar 2024, up by 11.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Warwick; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.