Is Mahopac, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mahopac has remained a Seller's Market.
Key Takeaway
Mahopac is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mahopac, NY
How much do homes in Mahopac, NY cost?
Median Sold Price
$520,000
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mahopac have sold for 1% more than they did a year ago.
Summary: The median home sold price in Mahopac was $520,000 in May 2024, up 1% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325.2K | $335K | +3.0% |
| 2 Bedrooms | $419K | $380K | -9.3% |
| 3 Bedrooms | $515K | $535K | +3.9% |
| 4 Bedrooms | $606.9K | $652.5K | +7.5% |
| 5+ Bedrooms | $675K | $680K | +0.7% |
Summary: Mahopac housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Cities
| Carmel | $429.1K | $455K | +6.0% |
| Putnam Valley | $455K | $470K | +3.3% |
| Mahopac | $515K | $520K | +1.0% |
Housing Supply in Mahopac, NY
How many homes are available in Mahopac, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 85 | 92 | +8.2% |
Summary: The Mahopac real estate market had 92 homes for sale in May 2024, a 8.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 21 | 18 | -14.3% |
| 3 Bedrooms | 31 | 33 | +6.5% |
| 4 Bedrooms | 28 | 36 | +28.6% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Mahopac housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mahopac, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Mahopac in May 2024, up by 33.3% month-over-month. Of the 16 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for Mahopac, NY
How long does it take to sell a home in Mahopac, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 63 Days | 31 Days | -50.1% |
Summary: Homes in Mahopac had an average of 31 days on market in May 2024, down by 50.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mahopac are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Mahopac; 56% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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Copyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.