Is Rye, 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, Rye was a Neutral Market.
Key Takeaway
Rye is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rye, NY
How much do homes in Rye, NY cost?
Median Sold Price
$1,925,000
$664/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Rye have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Rye was $1,925,000 in April 2024, up 4.1% from last year, and the median price per square foot was $664.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $238K | -19.3% |
| 2 Bedrooms | $565K | $590K | +4.4% |
| 3 Bedrooms | $1.1M | $1.2M | +2.1% |
| 4 Bedrooms | $1.6M | $1.8M | +10.8% |
| 5+ Bedrooms | $2.9M | $3.2M | +8.5% |
Summary: Rye housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.3%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Cities
| Greenwich | $1.5M | $1.6M | +7.3% |
| Port Chester | $617.5K | $658.2K | +6.6% |
| Rye | $1.8M | $1.9M | +4.1% |
| Harrison | $1.3M | $1.2M | -3.2% |
| Rye Brook | $996K | $885K | -11.1% |
Housing Supply in Rye, NY
How many homes are available in Rye, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 92 | 120 | +30.4% |
Summary: The Rye real estate market had 120 homes for sale in April 2024, a 30.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 26 | 36 | +38.5% |
| 5+ Bedrooms | 44 | 56 | +27.3% |
Summary: The Rye housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rye, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Rye in April 2024, up by 11.1% month-over-month. Of the 10 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Rye, NY
How long does it take to sell a home in Rye, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 64 Days | 13 Days | -79.7% |
Summary: Homes in Rye had an average of 13 days on market in Apr 2024, down by 79.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rye are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Rye; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% 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.