Is Yonkers, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Yonkers was a Seller's Market.
Housing Prices in Yonkers, NY
How much do homes in Yonkers, NY cost?
Median Sold Price
$502,666
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Yonkers was $502,666 in June 2024, up 14.5% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $167K | +4.4% |
2 Bedrooms | $260K | $290K | +11.5% |
3 Bedrooms | $585K | $620K | +6.0% |
4 Bedrooms | $670K | $709.5K | +5.9% |
5+ Bedrooms | $830K | $847.5K | +2.1% |
Summary: Yonkers housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
Bronxville | $429.2K | $549K | +27.9% |
Yonkers | $439.1K | $502.6K | +14.5% |
Tuckahoe | $699.9K | $770K | +10.0% |
Eastchester | $724.3K | $746.3K | +3.0% |
Mount Vernon | $520K | $470K | -9.6% |
Housing Supply in Yonkers, NY
How many homes are available in Yonkers, NY?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
615 | 668 | +8.6% |
Summary: The Yonkers real estate market had 668 homes for sale in June 2024, a 8.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 161 | 169 | +5.0% |
2 Bedrooms | 171 | 178 | +4.1% |
3 Bedrooms | 109 | 118 | +8.3% |
4 Bedrooms | 71 | 88 | +23.9% |
5+ Bedrooms | 103 | 115 | +11.7% |
Summary: The Yonkers housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 23.9%, and 5+ bedroom homes increased by 11.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
79 | 87 | +10.1% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Summary: A total of 87 homes were sold or pending in Yonkers in June 2024, up by 10.1% month-over-month. Of the 87 sold homes, 32% were sold under asking, 24% were sold at asking, and 44% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
64 Days | 53 Days | -18.1% |
Summary: Homes in Yonkers had an average of 53 days on market in Jun 2024, down by 18.1% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During June 2024, 87 homes were sold in Yonkers; 57% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.