Is Mamaroneck, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mamaroneck is a neutral's market

Buyer's
Market

Difference Since May 2023

Since last year, Mamaroneck has remained a Neutral Market.

Key Takeaway

Mamaroneck 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 Mamaroneck, NY

How much do homes in Mamaroneck, NY cost?

Median Sold Price

$749,500

$449/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$13,000(-1.7%)

Key Takeaway

Homes in Mamaroneck have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in Mamaroneck was $749,500 in May 2024, down 1.7% from last year, and the median price per square foot was $449.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $230K$207.5K
-9.8%
2 $443.5K$421K
-5.1%
3 $742.5K$811.4K
+9.3%
4 $1.2M$1.1M
-2.8%
5+ $1.3M$1.4M
+0.9%

Summary: Mamaroneck housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.8%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 0.9%.

Median Sold Price Compared To Nearby Cities

Rye
+8.9%
Harrison
+6.3%
Mamaroneck
-1.7%

Housing Supply in Mamaroneck, NY

How many homes are available in Mamaroneck, NY?

Number of Homes For Sale

Apr 2024May 2024CHANGE
83104+25.3%

Summary: The Mamaroneck real estate market had 104 homes for sale in May 2024, a 25.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 913
+44.4%
2 1720
+17.6%
3 1516
+6.7%
4 2533
+32.0%
5+ 1722
+29.4%

Summary: The Mamaroneck housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 44.4%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 32%, and 5+ bedroom homes increased by 29.4%.

Number of Homes Sold

Apr 2024May 2024CHANGE
615+150.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mamaroneck, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in Mamaroneck in May 2024, up by 150.0% month-over-month. Of the 15 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.

Days on Market for Mamaroneck, NY

How long does it take to sell a home in Mamaroneck, NY?

Average Sale Time

May 2023May 2024CHANGE
29 Days28 Days-4.0%

Summary: Homes in Mamaroneck had an average of 28 days on market in May 2024, down by 4% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mamaroneck are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 15 homes were sold in Mamaroneck; 87% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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