$10,000 Closing Credit*
$2,100,000
3,664 SqFt
6 Beds
•2 Full Baths, 3 Partial
Listing Office: Compass Greater NY, LLC
Is Pelham, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Pelham has remained a Seller's Market.
Key Takeaway
Pelham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pelham, NY
How much do homes in Pelham, NY cost?
Median Sold Price
$1,225,000
$503/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$335,000(+37.6%)
Key Takeaway
Homes in Pelham have sold for 37.6% more than they did a year ago.
Summary: The median home sold price in Pelham was $1,225,000 in October 2024, up 37.6% from last year, and the median price per square foot was $503.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.5K | $216K | +35.4% |
| 2 Bedrooms | $448K | $352.5K | -21.3% |
| 3 Bedrooms | $723.2K | $1.0M | +41.7% |
| 4 Bedrooms | $1.1M | $1.3M | +19.6% |
| 5+ Bedrooms | $1.6M | $1.7M | +4.3% |
Summary: Pelham housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.4%, 2 bedroom homes decreased by 21.3%, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Pelham | $890K | $1.2M | +37.6% |
| Pelham Manor | $1.1M | $1.3M | +14.9% |
| New Rochelle | $694.6K | $780K | +12.3% |
| Mount Vernon | $496.3K | $498.4K | 0.4% |
Housing Supply in Pelham, NY
How many homes are available in Pelham, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 55 | +10.0% |
Summary: The Pelham real estate market had 55 homes for sale in October 2024, a 10.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Pelham 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 increased by 10%, 3 bedroom homes remained the same, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 10 | +233.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pelham, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Pelham in October 2024, up by 233.3% month-over-month. Of the 10 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Pelham, NY
How long does it take to sell a home in Pelham, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 28 Days | -38.4% |
Summary: Homes in Pelham had an average of 28 days on market in Oct 2024, down by 38.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pelham are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Pelham; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% 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.