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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nanuet is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Nanuet, NY

How much do homes in Nanuet, NY cost?

Median Sold Price

$552,500

$333/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,500(+3.3%)

Key Takeaway

Homes in Nanuet have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Nanuet was $552,500 in October 2024, up 3.3% from last year, and the median price per square foot was $333.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $255K$300K
+17.6%
2 $435K$460K
+5.7%
3 $539.5K$585K
+8.4%
4 $612.6K$727K
+18.7%
5+ $715K$755K
+5.6%

Summary: Nanuet housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 5.6%.

Median Sold Price Compared To Nearby Cities

Spring Valley
+15.7%
Chestnut Ridge
+15.0%
West Nyack
+13.5%
Clarkstown
+8.7%
Nanuet
+3.3%

Housing Supply in Nanuet, NY

How many homes are available in Nanuet, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
103100-2.9%

Summary: The Nanuet real estate market had 100 homes for sale in October 2024, a 2.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1917
-10.5%
2 3127
-12.9%
3 1416
+14.3%
4 2826
-7.1%
5+ 1114
+27.3%

Summary: The Nanuet housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10.5%, 2 bedroom homes decreased by 12.9%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 27.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
22220.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nanuet, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.

Summary: A total of 22 homes were sold or pending in Nanuet in October 2024, the same as the previous month. Of the 22 sold homes, 18% were sold under asking, 9% were sold at asking, and 73% were sold over asking.

Days on Market for Nanuet, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days31 Days+25.7%

Summary: Homes in Nanuet had an average of 31 days on market in Oct 2024, up by 25.7% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 22 homes were sold in Nanuet; 68% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 5% 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 16 Days Ago

Newest Listings in Nanuet, NY

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