Is Dobbs Ferry, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dobbs Ferry is a neutral's market

Buyer's
Market

Difference Since November 2023

Since last year, Dobbs Ferry has remained a Neutral Market.

Key Takeaway

Dobbs Ferry 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 Dobbs Ferry, NY

How much do homes in Dobbs Ferry, NY cost?

Median Sold Price

$989,000

$453/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$130,000(+15.1%)

Key Takeaway

Homes in Dobbs Ferry have sold for 15.1% more than they did a year ago.

Summary: The median home sold price in Dobbs Ferry was $989,000 in November 2024, up 15.1% from last year, and the median price per square foot was $453.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $396K$255K
-35.6%
2 $553.5K$590K
+6.6%
3 $875K$950K
+8.6%
4 $925K$1.3M
+41.5%
5+ $1.1M$1.4M
+25.5%

Summary: Dobbs Ferry housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.6%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 41.5%, and 5+ bedroom homes increased by 25.5%.

Median Sold Price Compared To Nearby Cities

Dobbs Ferry
+15.1%
Greenburgh
+11.9%
Hastings-on-Hudson
+8.4%
Ardsley
+1.4%
Irvington
-11.2%

Housing Supply in Dobbs Ferry, NY

How many homes are available in Dobbs Ferry, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3927-30.8%

Summary: The Dobbs Ferry real estate market had 27 homes for sale in November 2024, a 30.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 87
-12.5%
3 75
-28.6%
4 147
-50.0%
5+ 98
-11.1%

Summary: The Dobbs Ferry housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
94-55.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dobbs Ferry, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Dobbs Ferry in November 2024, down by 55.6% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Dobbs Ferry, NY

How long does it take to sell a home in Dobbs Ferry, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
44 Days57 Days+30.1%

Summary: Homes in Dobbs Ferry had an average of 57 days on market in Nov 2024, up by 30.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Dobbs Ferry has remained consistent over time.

Summary: During November 2024, 4 homes were sold in Dobbs Ferry; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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