$3,266 Closing Credit*
$275,000
800 SqFt
1 Bed
•1 Full Bath
Listing Office: Houlihan Lawrence Inc.
Is Rye, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Rye was a Seller's Market.
Key Takeaway
Rye 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 Rye, NY
How much do homes in Rye, NY cost?
Median Sold Price
$2,200,000
$706/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$400,000(+22.2%)
Key Takeaway
Homes in Rye have sold for 22.2% more than they did a year ago.
Summary: The median home sold price in Rye was $2,200,000 in October 2024, up 22.2% from last year, and the median price per square foot was $706.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $247.5K | $275.5K | +11.3% |
| 2 Bedrooms | $529K | $687.5K | +30.0% |
| 3 Bedrooms | $1.2M | $1.3M | +4.4% |
| 4 Bedrooms | $1.8M | $1.9M | +11.1% |
| 5+ Bedrooms | $2.9M | $3.2M | +11.7% |
Summary: Rye housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 11.7%.
Median Sold Price Compared To Nearby Cities
| Rye | $1.8M | $2.2M | +22.2% |
| Harrison | $1.1M | $1.3M | +18.1% |
| Port Chester | $640K | $750K | +17.2% |
| Rye Brook | $932.5K | $999.9K | +7.2% |
| Greenwich | $1.5M | $1.5M | -2.1% |
Housing Supply in Rye, NY
How many homes are available in Rye, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 | 69 | +3.0% |
Summary: The Rye real estate market had 69 homes for sale in October 2024, a 3.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 28 | 33 | +17.9% |
Summary: The Rye 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 17.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rye, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Rye in October 2024, down by 23.1% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.
Days on Market for Rye, NY
How long does it take to sell a home in Rye, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 103 Days | 43 Days | -57.7% |
Summary: Homes in Rye had an average of 43 days on market in Oct 2024, down by 57.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rye are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Rye; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% 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.