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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Narrowsburg is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Narrowsburg was a Buyer's Market.

Key Takeaway

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

Housing Prices in Narrowsburg, NY

How much do homes in Narrowsburg, NY cost?

Median Sold Price

$427,500

$261/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$80,500(+23.2%)

Key Takeaway

Homes in Narrowsburg have sold for 23.2% more than they did a year ago.

Summary: The median home sold price in Narrowsburg was $427,500 in November 2024, up 23.2% from last year, and the median price per square foot was $261.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$115K
N/A
2 $210K$379.5K
+80.7%
3 $560K$435K
-22.3%
4 $452.5K$616.2K
+36.2%
5+ $850K$489.5K
-42.4%

Summary: Narrowsburg housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 80.7%, 3 bedroom homes decreased by 22.3%, 4 bedroom homes increased by 36.2%, and 5+ bedroom homes decreased by 42.4%.

Median Sold Price Compared To Nearby Cities

Narrowsburg
+23.2%
Cochecton
+15.2%
Tusten
+4.3%

Housing Supply in Narrowsburg, NY

How many homes are available in Narrowsburg, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2015-25.0%

Summary: The Narrowsburg real estate market had 15 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 63
-50.0%
3 87
-12.5%
4 43
-25.0%
5+ 11
0.0%

Summary: The Narrowsburg housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Narrowsburg, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Narrowsburg in November 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Narrowsburg, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
49 Days51 Days+3.7%

Summary: Homes in Narrowsburg had an average of 51 days on market in Nov 2024, up by 3.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Narrowsburg; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 21 Days Ago

Newest Listings in Narrowsburg, NY

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