Is Pelham, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Pelham has remained a Buyer's Market.
Housing Prices in Pelham, NY
How much do homes in Pelham, NY cost?
Median Sold Price
$999,000
$452/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pelham was $999,000 in April 2024, up 11.4% from last year, and the median price per square foot was $452.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $159.5K | $210K | +31.7% |
2 Bedrooms | $317.5K | $617K | +94.3% |
3 Bedrooms | $820K | $917K | +11.8% |
4 Bedrooms | $1.1M | $1.1M | -0.4% |
5+ Bedrooms | $1.5M | $1.7M | +7.3% |
Summary: Pelham housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.7%, 2 bedroom homes increased by 94.3%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
Pelham Manor | $899K | $1.2M | +40.8% |
Pelham | $897K | $999K | +11.4% |
New Rochelle | $685.6K | $751K | +9.5% |
Mount Vernon | $520K | $475K | -8.7% |
Housing Supply in Pelham, NY
How many homes are available in Pelham, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 52 | +10.6% |
Summary: The Pelham real estate market had 52 homes for sale in April 2024, a 10.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 12 | 17 | +41.7% |
5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Pelham housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 5 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Pelham in April 2024, down by 50.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Pelham, NY
How long does it take to sell a home in Pelham, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 30 Days | +114.3% |
Summary: Homes in Pelham had an average of 30 days on market in Apr 2024, up by 114.3% compared to last year.
Breakdown of Home Sale Times
3 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, 5 homes were sold in Pelham; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.