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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Yonkers is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Yonkers was a Neutral Market.

Key Takeaway

Yonkers is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Yonkers, NY

How much do homes in Yonkers, NY cost?

Median Sold Price

$500,399

$302/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$60,736(+13.8%)

Key Takeaway

Homes in Yonkers have sold for 13.8% more than they did a year ago.

Summary: The median home sold price in Yonkers was $500,399 in May 2024, up 13.8% from last year, and the median price per square foot was $302.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $161.5K$165K
+2.2%
2 $260K$286.1K
+10.0%
3 $590K$620K
+5.1%
4 $670K$705K
+5.2%
5+ $829K$847.5K
+2.2%

Summary: Yonkers housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 2.2%.

Median Sold Price Compared To Nearby Cities

Bronxville
+27.4%
Yonkers
+13.8%
Tuckahoe
+6.9%
Eastchester
+3.7%
Mount Vernon
-9.4%

Housing Supply in Yonkers, NY

How many homes are available in Yonkers, NY?

Number of Homes For Sale

Apr 2024May 2024CHANGE
583641+9.9%

Summary: The Yonkers real estate market had 641 homes for sale in May 2024, a 9.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 161167
+3.7%
2 157175
+11.5%
3 104114
+9.6%
4 6977
+11.6%
5+ 92108
+17.4%

Summary: The Yonkers housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 17.4%.

Number of Homes Sold

Apr 2024May 2024CHANGE
6878+14.7%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

32 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Yonkers, you may be able to get a good deal. 44.9% of homes here sold below asking price last month.

Summary: A total of 78 homes were sold or pending in Yonkers in May 2024, up by 14.7% month-over-month. Of the 78 sold homes, 45% were sold under asking, 14% were sold at asking, and 41% were sold over asking.

Days on Market for Yonkers, NY

How long does it take to sell a home in Yonkers, NY?

Average Sale Time

May 2023May 2024CHANGE
68 Days62 Days-9.0%

Summary: Homes in Yonkers had an average of 62 days on market in May 2024, down by 9% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 78 homes were sold in Yonkers; 38% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 24% 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 Yonkers, NY

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