$9,488 Closing Credit*
$799,000
1,865 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Century 21 Marciano
Is Pelham, 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, Pelham was a Seller's Market.
Key Takeaway
Pelham 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 Pelham, NY
How much do homes in Pelham, NY cost?
Median Sold Price
$1,225,000
$524/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$306,000(+33.3%)
Key Takeaway
Homes in Pelham have sold for 33.3% more than they did a year ago.
Summary: The median home sold price in Pelham was $1,225,000 in November 2024, up 33.3% from last year, and the median price per square foot was $524.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.5K | $216K | +35.4% |
| 2 Bedrooms | $612K | $325K | -46.9% |
| 3 Bedrooms | $734K | $1.0M | +39.6% |
| 4 Bedrooms | $1.1M | $1.4M | +24.5% |
| 5+ Bedrooms | $1.6M | $1.8M | +6.6% |
Summary: Pelham housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.4%, 2 bedroom homes decreased by 46.9%, 3 bedroom homes increased by 39.6%, 4 bedroom homes increased by 24.5%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Cities
| Pelham | $919K | $1.2M | +33.3% |
| New Rochelle | $700K | $785K | +12.1% |
| Pelham Manor | $1.1M | $1.3M | +8.8% |
| Mount Vernon | $488K | $500K | +2.5% |
Housing Supply in Pelham, NY
How many homes are available in Pelham, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 30 | -37.5% |
Summary: The Pelham real estate market had 30 homes for sale in November 2024, a 37.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 10 | 2 | -80.0% |
| 4 Bedrooms | 16 | 9 | -43.8% |
| 5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The Pelham housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 80%, 4 bedroom homes decreased by 43.8%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pelham, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Pelham in November 2024, down by 50.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 58 Days | +37.4% |
Summary: Homes in Pelham had an average of 58 days on market in Nov 2024, up by 37.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 5 homes were sold in Pelham; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% 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.