Is Larchmont, 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, Larchmont was a Buyer's Market.
Housing Prices in Larchmont, NY
How much do homes in Larchmont, NY cost?
Median Sold Price
$1,376,000
$603/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Larchmont was $1,376,000 in April 2024, up 8.7% from last year, and the median price per square foot was $603.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $245K | $351.8K | +43.6% |
2 Bedrooms | $620K | $765K | +23.4% |
3 Bedrooms | $1.1M | $1.1M | -2.9% |
4 Bedrooms | $1.6M | $1.6M | -0.7% |
5+ Bedrooms | $2.1M | $2.6M | +25.2% |
Summary: Larchmont housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.6%, 2 bedroom homes increased by 23.4%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 25.2%.
Housing Supply in Larchmont, NY
How many homes are available in Larchmont, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
97 | 133 | +37.1% |
Summary: The Larchmont real estate market had 133 homes for sale in April 2024, a 37.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 21 | 25 | +19.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 20 | 26 | +30.0% |
4 Bedrooms | 23 | 35 | +52.2% |
5+ Bedrooms | 27 | 39 | +44.4% |
Summary: The Larchmont housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 52.2%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 22 | +266.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Larchmont in April 2024, up by 266.7% month-over-month. Of the 22 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% were sold over asking.
Days on Market for Larchmont, NY
How long does it take to sell a home in Larchmont, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 20 Days | -48.2% |
Summary: Homes in Larchmont had an average of 20 days on market in Apr 2024, down by 48.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Larchmont; 91% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.