Is Port Chester, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Chester is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Port Chester was a Seller's Market.

Key Takeaway

Port Chester 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 Port Chester, NY

How much do homes in Port Chester, NY cost?

Median Sold Price

$750,000

$382/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$110,000(+17.2%)

Key Takeaway

Homes in Port Chester have sold for 17.2% more than they did a year ago.

Summary: The median home sold price in Port Chester was $750,000 in October 2024, up 17.2% from last year, and the median price per square foot was $382.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $275K$176.3K
-35.9%
2 $412.5K$505K
+22.4%
3 $709.5K$817.5K
+15.2%
4 $785K$837.5K
+6.7%
5+ $720K$860K
+19.4%

Summary: Port Chester housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.9%, 2 bedroom homes increased by 22.4%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 19.4%.

Median Sold Price Compared To Nearby Cities

Port Chester
+17.2%
Rye Brook
+7.2%
Greenwich
-2.1%

Housing Supply in Port Chester, NY

How many homes are available in Port Chester, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7588+17.3%

Summary: The Port Chester real estate market had 88 homes for sale in October 2024, a 17.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1516
+6.7%
2 1517
+13.3%
3 1923
+21.1%
4 1418
+28.6%
5+ 1214
+16.7%

Summary: The Port Chester housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
813+62.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Chester, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Port Chester in October 2024, up by 62.5% month-over-month. Of the 13 sold homes, 38% were sold under asking, 38% were sold at asking, and 23% were sold over asking.

Days on Market for Port Chester, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days43 Days+76.7%

Summary: Homes in Port Chester had an average of 43 days on market in Oct 2024, up by 76.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Port Chester has remained consistent over time.

Summary: During October 2024, 13 homes were sold in Port Chester; 38% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 15% 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 16 Days Ago

Newest Listings in Port Chester, NY

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