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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenburgh is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Greenburgh has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Greenburgh, NY

How much do homes in Greenburgh, NY cost?

Median Sold Price

$762,166

$412/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$73,961(+10.7%)

Key Takeaway

Homes in Greenburgh have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in Greenburgh was $762,166 in October 2024, up 10.7% from last year, and the median price per square foot was $412.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $197K$205.2K
+4.2%
2 $425K$511.6K
+20.4%
3 $717K$800K
+11.6%
4 $940.5K$999.9K
+6.3%
5+ $1.2M$1.5M
+17.2%

Summary: Greenburgh housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 17.2%.

Median Sold Price Compared To Nearby Cities

Hartsdale
+37.6%
Elmsford
+12.3%
Greenburgh
+10.7%
Ardsley
+7.4%
Irvington
-8.2%

Housing Supply in Greenburgh, NY

How many homes are available in Greenburgh, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
450463+2.9%

Summary: The Greenburgh real estate market had 463 homes for sale in October 2024, a 2.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 6774
+10.4%
2 101104
+3.0%
3 122118
-3.3%
4 97105
+8.2%
5+ 6362
-1.6%

Summary: The Greenburgh housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 3%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 1.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
8786-1.1%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

38 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenburgh, you could pay more than the asking price. 44.2% of homes here sold above asking price last month.

Summary: A total of 86 homes were sold or pending in Greenburgh in October 2024, down by 1.1% month-over-month. Of the 86 sold homes, 40% were sold under asking, 16% were sold at asking, and 44% were sold over asking.

Days on Market for Greenburgh, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days40 Days-9.0%

Summary: Homes in Greenburgh had an average of 40 days on market in Oct 2024, down by 9% compared to last year.

Breakdown of Home Sale Times

50 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Greenburgh are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 86 homes were sold in Greenburgh; 58% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 12% 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 20 Days Ago

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