Is Yonkers, 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, Yonkers was a Neutral Market.
Housing Prices in Yonkers, NY
How much do homes in Yonkers, NY cost?
Median Sold Price
$500,399
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Yonkers was $500,399 in May 2024, up 13.8% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $161.5K | $165K | +2.2% |
2 Bedrooms | $260K | $286.1K | +10.0% |
3 Bedrooms | $590K | $620K | +5.1% |
4 Bedrooms | $670K | $705K | +5.2% |
5+ Bedrooms | $829K | $847.5K | +2.2% |
Summary: Yonkers housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 2.2%.
Median Sold Price Compared To Nearby Cities
Bronxville | $425K | $541.2K | +27.4% |
Yonkers | $439.6K | $500.3K | +13.8% |
Tuckahoe | $720K | $770K | +6.9% |
Eastchester | $717.2K | $743.7K | +3.7% |
Mount Vernon | $520K | $471.2K | -9.4% |
Housing Supply in Yonkers, NY
How many homes are available in Yonkers, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
583 | 641 | +9.9% |
Summary: The Yonkers real estate market had 641 homes for sale in May 2024, a 9.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 161 | 167 | +3.7% |
2 Bedrooms | 157 | 175 | +11.5% |
3 Bedrooms | 104 | 114 | +9.6% |
4 Bedrooms | 69 | 77 | +11.6% |
5+ Bedrooms | 92 | 108 | +17.4% |
Summary: The Yonkers housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 17.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
68 | 78 | +14.7% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 78 homes were sold or pending in Yonkers in May 2024, up by 14.7% month-over-month. Of the 78 sold homes, 45% were sold under asking, 14% were sold at asking, and 41% were sold over asking.
Days on Market for Yonkers, NY
How long does it take to sell a home in Yonkers, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
68 Days | 62 Days | -9.0% |
Summary: Homes in Yonkers had an average of 62 days on market in May 2024, down by 9% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During May 2024, 78 homes were sold in Yonkers; 38% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.