Is Warwick, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Warwick was a Seller's Market.
Housing Prices in Warwick, NY
How much do homes in Warwick, NY cost?
Median Sold Price
$530,000
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Warwick was $530,000 in May 2024, up 5% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $245K | $269.5K | +10.0% |
2 Bedrooms | $320K | $352.5K | +10.2% |
3 Bedrooms | $450K | $500K | +11.1% |
4 Bedrooms | $654K | $735K | +12.4% |
5+ Bedrooms | $750K | $612K | -18.4% |
Summary: Warwick housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 18.4%.
Housing Supply in Warwick, NY
How many homes are available in Warwick, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
80 | 91 | +13.8% |
Summary: The Warwick real estate market had 91 homes for sale in May 2024, a 13.8% 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 | 10 | 9 | -10.0% |
3 Bedrooms | 37 | 36 | -2.7% |
4 Bedrooms | 24 | 35 | +45.8% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Warwick 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 decreased by 10%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 45.8%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 12 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Warwick in May 2024, down by 25.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.
Days on Market for Warwick, NY
How long does it take to sell a home in Warwick, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
74 Days | 58 Days | -22.0% |
Summary: Homes in Warwick had an average of 58 days on market in May 2024, down by 22% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Warwick; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.