Is Pelham Manor, 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 Manor has remained a Buyer's Market.
Key Takeaway
Pelham Manor is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pelham Manor, NY
How much do homes in Pelham Manor, NY cost?
Median Sold Price
$1,265,500
$439/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pelham Manor have sold for 40.8% more than they did a year ago.
Summary: The median home sold price in Pelham Manor was $1,265,500 in April 2024, up 40.8% from last year, and the median price per square foot was $439.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $171K | $216K | +26.3% |
| 2 Bedrooms | $317.5K | $330K | +3.9% |
| 3 Bedrooms | $807K | $999K | +23.8% |
| 4 Bedrooms | $1.2M | $1.4M | +14.0% |
| 5+ Bedrooms | $1.5M | $1.8M | +18.6% |
Summary: Pelham Manor housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.3%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 18.6%.
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 Manor, NY
How many homes are available in Pelham Manor, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 35 | 0.0% |
Summary: The Pelham Manor real estate market had 35 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Pelham Manor 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 25%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pelham Manor, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Pelham Manor in April 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Pelham Manor, NY
How long does it take to sell a home in Pelham Manor, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 11 Days | 45 Days | +309.1% |
Summary: Homes in Pelham Manor had an average of 45 days on market in Apr 2024, up by 309.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pelham Manor are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Pelham Manor; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.