Is Chestnut Ridge, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Chestnut Ridge was a Buyer's Market.
Housing Prices in Chestnut Ridge, NY
How much do homes in Chestnut Ridge, NY cost?
Median Sold Price
$790,000
$365/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chestnut Ridge was $790,000 in April 2024, up 6.8% from last year, and the median price per square foot was $365.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $227.5K | N/A |
2 Bedrooms | $563.5K | $607.5K | +7.8% |
3 Bedrooms | $672.5K | $630.5K | -6.2% |
4 Bedrooms | $739.9K | $800K | +8.1% |
5+ Bedrooms | $960K | $999.9K | +4.2% |
Summary: Chestnut Ridge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.8%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
Airmont | $737.5K | $815K | +10.5% |
Chestnut Ridge | $739.4K | $790K | +6.8% |
Nanuet | $525K | $545K | +3.8% |
Spring Valley | $682.5K | $700K | +2.6% |
Housing Supply in Chestnut Ridge, NY
How many homes are available in Chestnut Ridge, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 19 | -17.4% |
Summary: The Chestnut Ridge real estate market had 19 homes for sale in April 2024, a 17.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 3 | -25.0% |
4 Bedrooms | 11 | 9 | -18.2% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Chestnut Ridge housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Chestnut Ridge in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Chestnut Ridge, NY
How long does it take to sell a home in Chestnut Ridge, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 99 Days | +115.2% |
Summary: Homes in Chestnut Ridge had an average of 99 days on market in Apr 2024, up by 115.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Chestnut Ridge; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.