$5,344 Closing Credit*
$450,000
1,497 SqFt
3 Beds
•1 Full Bath
Listing Office: Coldwell Banker Realty
Is Carmel, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Carmel has remained a Seller's Market.
Key Takeaway
Carmel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Carmel, NY
How much do homes in Carmel, NY cost?
Median Sold Price
$485,000
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$55,033(+12.8%)
Key Takeaway
Homes in Carmel have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Carmel was $485,000 in October 2024, up 12.8% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $300K | +3.4% |
| 2 Bedrooms | $362.5K | $417.5K | +15.2% |
| 3 Bedrooms | $460K | $527K | +14.6% |
| 4 Bedrooms | $615K | $665K | +8.1% |
| 5+ Bedrooms | $650K | $755K | +16.2% |
Summary: Carmel housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 16.2%.
Median Sold Price Compared To Nearby Cities
| Putnam Valley | $436.7K | $525K | +20.2% |
| Carmel | $429.9K | $485K | +12.8% |
| Mahopac | $500K | $563.5K | +12.7% |
Housing Supply in Carmel, NY
How many homes are available in Carmel, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 220 | 225 | +2.3% |
Summary: The Carmel real estate market had 225 homes for sale in October 2024, a 2.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 13 | +8.3% |
| 2 Bedrooms | 47 | 41 | -12.8% |
| 3 Bedrooms | 98 | 104 | +6.1% |
| 4 Bedrooms | 54 | 57 | +5.6% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Carmel housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes decreased by 12.8%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 51 | +27.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carmel, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.
Summary: A total of 51 homes were sold or pending in Carmel in October 2024, up by 27.5% month-over-month. Of the 51 sold homes, 35% were sold under asking, 18% were sold at asking, and 47% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 34 Days | -8.2% |
Summary: Homes in Carmel had an average of 34 days on market in Oct 2024, down by 8.2% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Carmel are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 51 homes were sold in Carmel; 55% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.