Is Pound Ridge, 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, Pound Ridge was a Seller's Market.
Key Takeaway
Pound Ridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pound Ridge, NY
How much do homes in Pound Ridge, NY cost?
Median Sold Price
$1,160,000
$383/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pound Ridge have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in Pound Ridge was $1,160,000 in May 2024, down 4.9% from last year, and the median price per square foot was $383.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | - | N/A |
| 2 Bedrooms | $599K | $888.8K | +48.4% |
| 3 Bedrooms | $1.1M | $1.1M | -4.3% |
| 4 Bedrooms | $1.2M | $1.1M | -1.9% |
| 5+ Bedrooms | $2.0M | $1.4M | -28.2% |
Summary: Pound Ridge housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 48.4%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 28.2%.
Median Sold Price Compared To Nearby Cities
| South Salem | $700K | $825K | +17.9% |
| New Canaan | $1.6M | $1.8M | +12.8% |
| Lewisboro | $762.5K | $850K | +11.5% |
| Pound Ridge | $1.2M | $1.1M | -4.9% |
Housing Supply in Pound Ridge, NY
How many homes are available in Pound Ridge, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 41 | +46.4% |
Summary: The Pound Ridge real estate market had 41 homes for sale in May 2024, a 46.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 12 | 17 | +41.7% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Pound Ridge 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 increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pound Ridge, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Pound Ridge in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Pound Ridge, NY
How long does it take to sell a home in Pound Ridge, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 77 Days | 23 Days | -70.3% |
Summary: Homes in Pound Ridge had an average of 23 days on market in May 2024, down by 70.3% compared to last year.
Breakdown of Home Sale Times
3 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 Pound Ridge are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Pound Ridge; 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.
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.