Is Pearl River, 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, Pearl River has remained a Seller's Market.
Housing Prices in Pearl River, NY
How much do homes in Pearl River, NY cost?
Median Sold Price
$605,000
$353/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pearl River was $605,000 in May 2024, up 7.1% from last year, and the median price per square foot was $353.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $264K | $266K | +0.8% |
2 Bedrooms | $385K | $520K | +35.1% |
3 Bedrooms | $569K | $585.5K | +2.9% |
4 Bedrooms | $590K | $722.5K | +22.5% |
5+ Bedrooms | $775K | $790K | +1.9% |
Summary: Pearl River housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes increased by 35.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
Montvale | $626.5K | $856.6K | +36.7% |
Orangetown | $585K | $645K | +10.3% |
Pearl River | $565K | $605K | +7.1% |
West Nyack | $651K | $678K | +4.1% |
Nanuet | $527.6K | $548K | +3.9% |
Housing Supply in Pearl River, NY
How many homes are available in Pearl River, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 39 | +21.9% |
Summary: The Pearl River real estate market had 39 homes for sale in May 2024, a 21.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 9 | 13 | +44.4% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Pearl River 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 20%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 7 | +133.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Pearl River in May 2024, up by 133.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Pearl River, NY
How long does it take to sell a home in Pearl River, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 18 Days | -45.6% |
Summary: Homes in Pearl River had an average of 18 days on market in May 2024, down by 45.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Pearl River; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.