Is Eastchester, 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, Eastchester was a Buyer's Market.
Key Takeaway
Eastchester 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 Eastchester, NY
How much do homes in Eastchester, NY cost?
Median Sold Price
$743,750
$437/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Eastchester have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Eastchester was $743,750 in May 2024, up 3.7% from last year, and the median price per square foot was $437.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212.7K | $215K | +1.1% |
| 2 Bedrooms | $410K | $461.8K | +12.6% |
| 3 Bedrooms | $835K | $872.5K | +4.5% |
| 4 Bedrooms | $1.1M | $1.2M | +3.2% |
| 5+ Bedrooms | $2.1M | $2.5M | +17.2% |
Summary: Eastchester housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 17.2%.
Median Sold Price Compared To Nearby Cities
| Bronxville | $425K | $541.2K | +27.4% |
| Yonkers | $439.6K | $500.3K | +13.8% |
| New Rochelle | $680K | $754.1K | +10.9% |
| Tuckahoe | $720K | $770K | +6.9% |
| Eastchester | $717.2K | $743.7K | +3.7% |
Housing Supply in Eastchester, NY
How many homes are available in Eastchester, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 214 | 219 | +2.3% |
Summary: The Eastchester real estate market had 219 homes for sale in May 2024, a 2.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 37 | 43 | +16.2% |
| 2 Bedrooms | 44 | 46 | +4.5% |
| 3 Bedrooms | 54 | 48 | -11.1% |
| 4 Bedrooms | 39 | 43 | +10.3% |
| 5+ Bedrooms | 40 | 39 | -2.5% |
Summary: The Eastchester housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.2%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 2.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 36 | +2.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eastchester, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Eastchester in May 2024, up by 2.9% month-over-month. Of the 36 sold homes, 39% were sold under asking, 11% were sold at asking, and 50% were sold over asking.
Days on Market for Eastchester, NY
How long does it take to sell a home in Eastchester, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 56 Days | 54 Days | -3.1% |
Summary: Homes in Eastchester had an average of 54 days on market in May 2024, down by 3.1% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eastchester are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 36 homes were sold in Eastchester; 64% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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Copyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.