Is Armonk, 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, Armonk was a Buyer's Market.
Key Takeaway
Armonk is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Armonk, NY
How much do homes in Armonk, NY cost?
Median Sold Price
$1,499,000
$442/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Armonk have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Armonk was $1,499,000 in May 2024, up 1.6% from last year, and the median price per square foot was $442.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $470K | $525K | +11.7% |
| 2 Bedrooms | $609.5K | $1.1M | +82.1% |
| 3 Bedrooms | $1.2M | $1.0M | -17.3% |
| 4 Bedrooms | $1.5M | $1.5M | -0.3% |
| 5+ Bedrooms | $2.3M | $2.7M | +17.7% |
Summary: Armonk housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 82.1%, 3 bedroom homes decreased by 17.3%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 17.7%.
Median Sold Price Compared To Nearby Cities
| Chappaqua | $1.2M | $1.3M | +11.3% |
| North Castle | $1.3M | $1.4M | +10.4% |
| Mount Pleasant | $761.7K | $829K | +8.8% |
| New Castle | $1.1M | $1.2M | +5.7% |
| Armonk | $1.4M | $1.4M | +1.6% |
Housing Supply in Armonk, NY
How many homes are available in Armonk, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 49 | 67 | +36.7% |
Summary: The Armonk real estate market had 67 homes for sale in May 2024, a 36.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 21 | 29 | +38.1% |
| 5+ Bedrooms | 12 | 19 | +58.3% |
Summary: The Armonk 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 remained the same, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 38.1%, and 5+ bedroom homes increased by 58.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 10 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Armonk, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Armonk in May 2024, up by 100.0% month-over-month. Of the 10 sold homes, 10% were sold under asking, 40% were sold at asking, and 50% were sold over asking.
Days on Market for Armonk, NY
How long does it take to sell a home in Armonk, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 6 Days | 45 Days | +663.3% |
Summary: Homes in Armonk had an average of 45 days on market in May 2024, up by 663.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Armonk are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Armonk; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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.