$2,078 Closing Credit*
$175,000
800 SqFt
1 Bed
•1 Full Bath
Listing Office: HomeSmart Premier Living Rlty
Is New Rochelle, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, New Rochelle was a Neutral Market.
Key Takeaway
New Rochelle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Rochelle, NY
How much do homes in New Rochelle, NY cost?
Median Sold Price
$785,000
$390/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$85,000(+12.1%)
Key Takeaway
Homes in New Rochelle have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in New Rochelle was $785,000 in November 2024, up 12.1% from last year, and the median price per square foot was $390.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $190K | +5.6% |
| 2 Bedrooms | $310.5K | $340K | +9.5% |
| 3 Bedrooms | $756K | $830K | +9.8% |
| 4 Bedrooms | $885K | $940K | +6.2% |
| 5+ Bedrooms | $910K | $1.1M | +26.4% |
Summary: New Rochelle housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 26.4%.
Median Sold Price Compared To Nearby Cities
| Pelham | $919K | $1.2M | +33.3% |
| Scarsdale | $1.1M | $1.5M | +27.7% |
| Eastchester | $688.3K | $781.8K | +13.6% |
| New Rochelle | $700K | $785K | +12.1% |
Housing Supply in New Rochelle, NY
How many homes are available in New Rochelle, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 215 | 157 | -27.0% |
Summary: The New Rochelle real estate market had 157 homes for sale in November 2024, a 27.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 43 | 38 | -11.6% |
| 2 Bedrooms | 27 | 20 | -25.9% |
| 3 Bedrooms | 55 | 33 | -40.0% |
| 4 Bedrooms | 41 | 25 | -39.0% |
| 5+ Bedrooms | 49 | 41 | -16.3% |
Summary: The New Rochelle housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.6%, 2 bedroom homes decreased by 25.9%, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 39%, and 5+ bedroom homes decreased by 16.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 36 | -32.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Rochelle, you could pay more than the asking price. 47.2% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in New Rochelle in November 2024, down by 32.1% month-over-month. Of the 36 sold homes, 44% were sold under asking, 8% were sold at asking, and 47% were sold over asking.
Days on Market for New Rochelle, NY
How long does it take to sell a home in New Rochelle, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 47 Days | -6.7% |
Summary: Homes in New Rochelle had an average of 47 days on market in Nov 2024, down by 6.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Rochelle are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 36 homes were sold in New Rochelle; 53% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 19% 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.