Is Pelham Manor, 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, Pelham Manor has remained a Seller's Market.
Key Takeaway
Pelham Manor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pelham Manor, NY
How much do homes in Pelham Manor, NY cost?
Median Sold Price
$1,300,000
$454/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pelham Manor have sold for 44.4% more than they did a year ago.
Summary: The median home sold price in Pelham Manor was $1,300,000 in May 2024, up 44.4% from last year, and the median price per square foot was $454.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $171K | $216K | +26.3% |
| 2 Bedrooms | $317.5K | $325K | +2.4% |
| 3 Bedrooms | $695K | $1.0M | +47.5% |
| 4 Bedrooms | $1.2M | $1.4M | +14.0% |
| 5+ Bedrooms | $1.6M | $1.9M | +20.6% |
Summary: Pelham Manor housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.3%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 47.5%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 20.6%.
Median Sold Price Compared To Nearby Cities
| Pelham Manor | $900K | $1.3M | +44.4% |
| Pelham | $900K | $1.0M | +20.6% |
| New Rochelle | $680K | $754.1K | +10.9% |
| Mount Vernon | $520K | $471.2K | -9.4% |
Housing Supply in Pelham Manor, NY
How many homes are available in Pelham Manor, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 39 | +11.4% |
Summary: The Pelham Manor real estate market had 39 homes for sale in May 2024, a 11.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Pelham Manor housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pelham Manor, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Pelham Manor in May 2024, up by 133.3% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 37 Days | +17.3% |
Summary: Homes in Pelham Manor had an average of 37 days on market in May 2024, up by 17.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were 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 May 2024, 7 homes were sold in Pelham Manor; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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.