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 November 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

$766,944

$413/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$81,759(+11.9%)

Key Takeaway

Homes in Greenburgh have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in Greenburgh was $766,944 in November 2024, up 11.9% from last year, and the median price per square foot was $413.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $195K$209.2K
+7.3%
2 $440K$510K
+15.9%
3 $719.6K$812.7K
+12.9%
4 $950K$1.0M
+9.5%
5+ $1.3M$1.5M
+11.9%

Summary: Greenburgh housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 11.9%.

Median Sold Price Compared To Nearby Cities

Hartsdale
+36.1%
Greenburgh
+11.9%
Elmsford
+11.9%
Ardsley
+1.4%
Irvington
-11.2%

Housing Supply in Greenburgh, NY

How many homes are available in Greenburgh, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
412292-29.1%

Summary: The Greenburgh real estate market had 292 homes for sale in November 2024, a 29.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 6749
-26.9%
2 8868
-22.7%
3 11372
-36.3%
4 8351
-38.6%
5+ 6152
-14.8%

Summary: The Greenburgh housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 26.9%, 2 bedroom homes decreased by 22.7%, 3 bedroom homes decreased by 36.3%, 4 bedroom homes decreased by 38.6%, and 5+ bedroom homes decreased by 14.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
8767-23.0%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

11 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. 56.7% of homes here sold above asking price last month.

Summary: A total of 67 homes were sold or pending in Greenburgh in November 2024, down by 23.0% month-over-month. Of the 67 sold homes, 27% were sold under asking, 16% were sold at asking, and 57% 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

Nov 2023Nov 2024CHANGE
54 Days29 Days-45.1%

Summary: Homes in Greenburgh had an average of 29 days on market in Nov 2024, down by 45.1% compared to last year.

Breakdown of Home Sale Times

39 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 November 2024, 67 homes were sold in Greenburgh; 58% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 1% 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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