$5,350,000
6,349 SqFt
6 Beds
•4 Full Baths, 3 Partial
Listing Office: Vincent & Whittemore R.E.
Is North Salem, 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, North Salem was a Neutral Market.
Key Takeaway
North Salem is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Salem, NY
How much do homes in North Salem, NY cost?
Median Sold Price
$762,500
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$73,500(+10.7%)
Key Takeaway
Homes in North Salem have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in North Salem was $762,500 in October 2024, up 10.7% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | - | N/A |
| 2 Bedrooms | $351K | $580K | +65.2% |
| 3 Bedrooms | $689K | $800K | +16.1% |
| 4 Bedrooms | $965K | $775.5K | -19.6% |
| 5+ Bedrooms | $1.5M | $5.9M | +283.7% |
Summary: North Salem housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 65.2%, 3 bedroom homes increased by 16.1%, 4 bedroom homes decreased by 19.6%, and 5+ bedroom homes increased by 283.7%.
Housing Supply in North Salem, NY
How many homes are available in North Salem, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 27 | +17.4% |
Summary: The North Salem real estate market had 27 homes for sale in October 2024, a 17.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The North Salem 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 16.7%, 4 bedroom homes increased by 80%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Salem, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in North Salem in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for North Salem, NY
How long does it take to sell a home in North Salem, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 64 Days | +69.3% |
Summary: Homes in North Salem had an average of 64 days on market in Oct 2024, up by 69.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Salem are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in North Salem; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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.