Is Carmel, 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, Carmel was a Seller's Market.
Housing Prices in Carmel, NY
How much do homes in Carmel, NY cost?
Median Sold Price
$455,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Carmel was $455,000 in May 2024, up 6% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $291.2K | +5.9% |
2 Bedrooms | $350K | $380K | +8.6% |
3 Bedrooms | $465K | $505K | +8.6% |
4 Bedrooms | $615K | $645K | +4.9% |
5+ Bedrooms | $650K | $710K | +9.2% |
Summary: Carmel housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Cities
Carmel | $429.1K | $455K | +6.0% |
Putnam Valley | $455K | $470K | +3.3% |
Mahopac | $515K | $520K | +1.0% |
Housing Supply in Carmel, NY
How many homes are available in Carmel, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
177 | 202 | +14.1% |
Summary: The Carmel real estate market had 202 homes for sale in May 2024, a 14.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 19 | +5.6% |
2 Bedrooms | 53 | 56 | +5.7% |
3 Bedrooms | 50 | 62 | +24.0% |
4 Bedrooms | 46 | 55 | +19.6% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Carmel housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 28 | -3.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Carmel in May 2024, down by 3.4% month-over-month. Of the 28 sold homes, 32% were sold under asking, 0% were sold at asking, and 68% were sold over asking.
Days on Market for Carmel, NY
How long does it take to sell a home in Carmel, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
64 Days | 26 Days | -59.3% |
Summary: Homes in Carmel had an average of 26 days on market in May 2024, down by 59.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Carmel; 68% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.