$3,859 Closing Credit*
$325,000
1,792 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Prestige RE Connections, LLC
Is Carmel, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$484,500
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$48,800(+11.2%)
Key Takeaway
Homes in Carmel have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Carmel was $484,500 in November 2024, up 11.2% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $297.5K | +4.4% |
| 2 Bedrooms | $365K | $420K | +15.1% |
| 3 Bedrooms | $475K | $525K | +10.5% |
| 4 Bedrooms | $597.5K | $665K | +11.3% |
| 5+ Bedrooms | $669.4K | $732.5K | +9.4% |
Summary: Carmel housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
| Putnam Valley | $449.9K | $527K | +17.1% |
| Mahopac | $500K | $575K | +15.0% |
| Carmel | $435.7K | $484.5K | +11.2% |
Housing Supply in Carmel, NY
How many homes are available in Carmel, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 200 | 141 | -29.5% |
Summary: The Carmel real estate market had 141 homes for sale in November 2024, a 29.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 11 | -8.3% |
| 2 Bedrooms | 39 | 30 | -23.1% |
| 3 Bedrooms | 95 | 60 | -36.8% |
| 4 Bedrooms | 45 | 32 | -28.9% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Carmel housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes decreased by 36.8%, 4 bedroom homes decreased by 28.9%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 30 | -42.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carmel, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Carmel in November 2024, down by 42.3% month-over-month. Of the 30 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 44 Days | +21.4% |
Summary: Homes in Carmel had an average of 44 days on market in Nov 2024, up by 21.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Carmel has remained consistent over time.
Summary: During November 2024, 30 homes were sold in Carmel; 43% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 7% 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.