$10,000 Closing Credit*
$1,165,000
1,501 SqFt
2 Beds
•2 Full Baths, 1 Partial
Listing Office: Julia B Fee Sothebys Int. Rlty
Is Larchmont, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Larchmont was a Buyer's Market.
Key Takeaway
Larchmont 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 Larchmont, NY
How much do homes in Larchmont, NY cost?
Median Sold Price
$1,455,000
$645/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$52,500(+3.7%)
Key Takeaway
Homes in Larchmont have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Larchmont was $1,455,000 in October 2024, up 3.7% from last year, and the median price per square foot was $645.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $370K | +60.9% |
| 2 Bedrooms | $762.5K | $749.5K | -1.7% |
| 3 Bedrooms | $1.1M | $1.3M | +11.8% |
| 4 Bedrooms | $1.6M | $1.6M | -4.2% |
| 5+ Bedrooms | $2.3M | $2.7M | +13.9% |
Summary: Larchmont housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60.9%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 13.9%.
Housing Supply in Larchmont, NY
How many homes are available in Larchmont, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 74 | 76 | +2.7% |
Summary: The Larchmont real estate market had 76 homes for sale in October 2024, a 2.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 13 | 0.0% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Larchmont housing inventory by bedroom type for October 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 36.4%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Larchmont, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Larchmont in October 2024, down by 8.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 18% were sold at asking, and 55% were sold over asking.
Days on Market for Larchmont, NY
How long does it take to sell a home in Larchmont, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 50 Days | +37.5% |
Summary: Homes in Larchmont had an average of 50 days on market in Oct 2024, up by 37.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Larchmont are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Larchmont; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% 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.