Is Tappan, 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, Tappan was a Neutral Market.
Housing Prices in Tappan, NY
How much do homes in Tappan, NY cost?
Median Sold Price
$630,000
$329/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Tappan was $630,000 in April 2024, up 2.2% from last year, and the median price per square foot was $329.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $424.9K | $450K | +5.9% |
3 Bedrooms | $512.5K | $559.5K | +9.2% |
4 Bedrooms | $652.5K | $655K | 0.4% |
5+ Bedrooms | $818.5K | $795K | -2.9% |
Summary: Tappan 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 5.9%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Cities
Orangeburg | $579K | $608.7K | +5.1% |
Tappan | $616.5K | $630K | +2.2% |
Housing Supply in Tappan, NY
How many homes are available in Tappan, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 18 | +5.9% |
Summary: The Tappan real estate market had 18 homes for sale in April 2024, a 5.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Tappan 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 increased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 8 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Tappan in April 2024, up by 300.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Tappan, NY
How long does it take to sell a home in Tappan, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 18 Days | +36.9% |
Summary: Homes in Tappan had an average of 18 days on market in Apr 2024, up by 36.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Tappan; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.