Is Southeast, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Southeast has remained a Seller's Market.
Housing Prices in Southeast, NY
How much do homes in Southeast, NY cost?
Median Sold Price
$477,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Southeast was $477,000 in May 2024, up 12.9% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $293K | $322.5K | +10.1% |
2 Bedrooms | $362K | $380K | +5.0% |
3 Bedrooms | $477.5K | $528.7K | +10.7% |
4 Bedrooms | $647.5K | $664K | +2.5% |
5+ Bedrooms | $685K | $732.5K | +6.9% |
Summary: Southeast housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.1%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Cities
North Salem | $642K | $839.5K | +30.8% |
Brewster | $440K | $525K | +19.3% |
Patterson | $392.5K | $447K | +13.9% |
Southeast | $422.5K | $477K | +12.9% |
Danbury | $422.6K | $426.5K | +0.9% |
Housing Supply in Southeast, NY
How many homes are available in Southeast, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
79 | 94 | +19.0% |
Summary: The Southeast real estate market had 94 homes for sale in May 2024, a 19.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 12 | +9.1% |
2 Bedrooms | 16 | 15 | -6.3% |
3 Bedrooms | 21 | 27 | +28.6% |
4 Bedrooms | 27 | 35 | +29.6% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Southeast housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 29.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 20 | +150.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Southeast in May 2024, up by 150.0% month-over-month. Of the 20 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for Southeast, NY
How long does it take to sell a home in Southeast, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 28 Days | -36.7% |
Summary: Homes in Southeast had an average of 28 days on market in May 2024, down by 36.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Southeast; 75% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.