Is Philipstown, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Philipstown was a Seller's Market.
Housing Prices in Philipstown, NY
How much do homes in Philipstown, NY cost?
Median Sold Price
$635,000
$373/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Philipstown was $635,000 in May 2024, down 2.2% from last year, and the median price per square foot was $373.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $305K | $415K | +36.1% |
2 Bedrooms | $607.5K | $431.2K | -29.0% |
3 Bedrooms | $644.5K | $700K | +8.6% |
4 Bedrooms | $805K | $731.2K | -9.2% |
5+ Bedrooms | $740K | $905K | +22.3% |
Summary: Philipstown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.1%, 2 bedroom homes decreased by 29%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes increased by 22.3%.
Median Sold Price Compared To Nearby Cities
Cold Spring | $625K | $620K | -0.8% |
Garrison | $650K | $645K | -0.8% |
Philipstown | $649.5K | $635K | -2.2% |
Housing Supply in Philipstown, NY
How many homes are available in Philipstown, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 52 | +10.6% |
Summary: The Philipstown real estate market had 52 homes for sale in May 2024, a 10.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 15 | 20 | +33.3% |
3 Bedrooms | 21 | 22 | +4.8% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Philipstown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Philipstown in May 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Philipstown, NY
How long does it take to sell a home in Philipstown, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 72 Days | +87.3% |
Summary: Homes in Philipstown had an average of 72 days on market in May 2024, up by 87.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Philipstown; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.