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 January 2022

At the same time last year, Yonkers was a Seller's Market.

Key Takeaway

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

How much do homes in Yonkers, NY cost?

Median Sold Price

$466,402

$295/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

-$11,277(-2.4%)

Key Takeaway

Homes in Yonkers have sold for 2.4% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $160K$164.7K
+3.0%
2 $255.6K$260K
+1.7%
3 $570K$593.3K
+4.1%
4 $649.3K$670K
+3.2%
5+ $750K$820K
+9.3%

Median Sold Price Compared To Nearby Cities

Tuckahoe
+8.0%
Eastchester
+5.7%
Mount Vernon
+3.0%
Yonkers
-2.4%
Bronxville
-9.8%

How many homes are available in Yonkers, NY?

Number of Homes For Sale

Dec 2022Jan 2023%
674663-1.6%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 176178
+1.1%
2 184182
-1.1%
3 130120
-7.7%
4 8383
0.0%
5+ 101100
-1.0%

Number of Homes Sold

Dec 2022Jan 2023%
10691-14.2%

Asking Price vs. Sold Price

65 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

16 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. 71.4% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
60 Days65 Days+9.6%

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

43 Homes Were Sold
In 30 - 90 Days

25 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Yonkers has remained consistent over time.

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

About Yonkers, NY

Homes for sale in Yonkers, NY have reached 663. In January 2023 in Yonkers, NY there were 1.6% less homes for sale than in December 2022. In January 2023, listings were on the market for 65 days. During the same period, the median list price in this real estate market was $466,402. Listing prices have changed in this real estate market between December 2022 and January 2023: 1 bedroom properties prices increased by 3%, 2 bedrooms properties prices increased by 1.7%, 3 bedrooms properties became 4.1% more expensive, prices of 4 bedrooms properties increased by 3.2%, prices of 5 bedrooms properties increased by 9.3%. Volume of homes for sale changed: 1 bedroom homes became 1.1% more available, 2 bedrooms homes inventory decreased by 1.1%, number of 3 bedrooms homes decreased by 7.7%, 4 bedrooms homes inventory did not change, the quantity of 5 bedrooms homes went down by 1%. Yonkers, NY housing market in January 2023 saw over 16 listings sold above listed price, more than 10 sold at listed price and over 65 sold below.

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