$10,000 Closing Credit*
$998,000
2,730 SqFt
5 Beds
•2 Full Baths
Listing Office: Prime Realty Group, Inc.
Is Pelham Bay, 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 Bay has remained a Seller's Market.
Key Takeaway
Pelham Bay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pelham Bay, NY
How much do homes in Pelham Bay, NY cost?
Median Sold Price
$672,500
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$62,500(-8.5%)
Key Takeaway
Homes in Pelham Bay have sold for 8.5% less than they did a year ago.
Summary: The median home sold price in Pelham Bay was $672,500 in October 2024, down 8.5% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179K | $170K | -5.0% |
| 2 Bedrooms | $421.5K | $290K | -31.2% |
| 3 Bedrooms | $655K | $675K | +3.1% |
| 4 Bedrooms | $740K | $795K | +7.4% |
| 5+ Bedrooms | $993.5K | $850K | -14.4% |
Summary: Pelham Bay housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5%, 2 bedroom homes decreased by 31.2%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 14.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Schuylerville | $660K | $770K | +16.7% |
| Pelham Gardens | $680K | $754.5K | +11.0% |
| Country Club | $726K | $695K | -4.3% |
| Pelham Bay | $735K | $672.5K | -8.5% |
Housing Supply in Pelham Bay, NY
How many homes are available in Pelham Bay, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 38 | +5.6% |
Summary: The Pelham Bay real estate market had 38 homes for sale in October 2024, a 5.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 10 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Pelham Bay 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 20%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pelham Bay, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Pelham Bay in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Pelham Bay, NY
How long does it take to sell a home in Pelham Bay, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 67 Days | +43.9% |
Summary: Homes in Pelham Bay had an average of 67 days on market in Oct 2024, up by 43.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pelham Bay has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Pelham Bay; 14% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% 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. 
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