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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mamaroneck is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Mamaroneck was a Seller's Market.

Key Takeaway

Mamaroneck 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 Mamaroneck, NY

How much do homes in Mamaroneck, NY cost?

Median Sold Price

$937,000

$477/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$222,750(+31.2%)

Key Takeaway

Homes in Mamaroneck have sold for 31.2% more than they did a year ago.

Summary: The median home sold price in Mamaroneck was $937,000 in October 2024, up 31.2% from last year, and the median price per square foot was $477.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $208.2K$222.7K
+7.0%
2 $430K$450K
+4.7%
3 $730K$921K
+26.2%
4 $1.2M$1.3M
+6.7%
5+ $1.3M$1.7M
+33.5%

Summary: Mamaroneck housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 26.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 33.5%.

Median Sold Price Compared To Nearby Cities

Mamaroneck
+31.2%
Rye
+22.2%
Harrison
+18.1%

Housing Supply in Mamaroneck, NY

How many homes are available in Mamaroneck, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7480+8.1%

Summary: The Mamaroneck real estate market had 80 homes for sale in October 2024, a 8.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1919
0.0%
2 2322
-4.3%
3 1316
+23.1%
4 1313
0.0%
5+ 610
+66.7%

Summary: The Mamaroneck 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 decreased by 4.3%, 3 bedroom homes increased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2113-38.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mamaroneck, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Mamaroneck in October 2024, down by 38.1% month-over-month. Of the 13 sold homes, 62% were sold under asking, 0% were sold at asking, and 38% were sold over asking.

Days on Market for Mamaroneck, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days39 Days-4.0%

Summary: Homes in Mamaroneck had an average of 39 days on market in Oct 2024, down by 4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 13 homes were sold in Mamaroneck; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% 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

Newest Listings in Mamaroneck, NY

Nearby Markets to Mamaroneck, NY

What housing markets are near Mamaroneck, NY?