Is Garrison, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Garrison is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Garrison was a Buyer's Market.

Key Takeaway

Garrison is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Garrison, NY

How much do homes in Garrison, NY cost?

Median Sold Price

$715,000

$375/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$52,500(+7.9%)

Key Takeaway

Homes in Garrison have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Garrison was $715,000 in November 2024, up 7.9% from last year, and the median price per square foot was $375.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $749.5K$643.5K
-14.1%
3 $625K$700K
+12.0%
4 $600K$910K
+51.7%
5+ $1.2M$2.8M
+117.3%

Summary: Garrison housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.1%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 51.7%, and 5+ bedroom homes increased by 117.3%.

Median Sold Price Compared To Nearby Cities

Cortlandt Manor
+16.7%
Philipstown
+10.4%
Garrison
+7.9%
Highlands
+5.0%
Lake Peekskill
-5.1%

Housing Supply in Garrison, NY

How many homes are available in Garrison, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
28280.0%

Summary: The Garrison real estate market had 28 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1011
+10.0%
4 86
-25.0%
5+ 67
+16.7%

Summary: The Garrison housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Garrison, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Garrison in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for Garrison, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
285 Days68 Days-76.0%

Summary: Homes in Garrison had an average of 68 days on market in Nov 2024, down by 76% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Garrison has remained consistent over time.

Summary: During November 2024, 5 homes were sold in Garrison; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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 23 Days Ago

Newest Listings in Garrison, NY

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