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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pawling is a neutral's market

Buyer's
Market

Difference Since September 2023

Since last year, Pawling has remained a Neutral Market.

Key Takeaway

Pawling 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 Pawling, NY

How much do homes in Pawling, NY cost?

Median Sold Price

$520,000

$237/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$115,000(+28.4%)

Key Takeaway

Homes in Pawling have sold for 28.4% more than they did a year ago.

Summary: The median home sold price in Pawling was $520,000 in September 2024, up 28.4% from last year, and the median price per square foot was $237.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $405K-
N/A
2 $342.5K$368.5K
+7.6%
3 $435K$485K
+11.5%
4 $580K$570K
-1.7%
5+ $450K$760K
+68.9%

Summary: Pawling housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 68.9%.

Housing Supply in Pawling, NY

How many homes are available in Pawling, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
42420.0%

Summary: The Pawling real estate market had 42 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 47
+75.0%
3 1815
-16.7%
4 1514
-6.7%
5+ 56
+20.0%

Summary: The Pawling housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pawling, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Pawling in September 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for Pawling, NY

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

Average Sale Time

Sep 2023Sep 2024CHANGE
77 Days49 Days-36.6%

Summary: Homes in Pawling had an average of 49 days on market in Sep 2024, down by 36.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pawling has remained consistent over time.

Summary: During September 2024, 6 homes were sold in Pawling; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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 29 Days Ago

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