$5,937 Closing Credit*
$499,999
1,196 SqFt
3 Beds
•2 Full Baths
Listing Office: eXp Realty
Is Tappan, 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, Tappan has remained a Seller's Market.
Key Takeaway
Tappan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tappan, NY
How much do homes in Tappan, NY cost?
Median Sold Price
$650,000
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$55,000(+9.2%)
Key Takeaway
Homes in Tappan have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Tappan was $650,000 in October 2024, up 9.2% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $559K | $450K | -19.5% |
| 3 Bedrooms | $538.5K | $635K | +17.9% |
| 4 Bedrooms | $645K | $655K | +1.6% |
| 5+ Bedrooms | $712.5K | $824.2K | +15.7% |
Summary: Tappan housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.5%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 15.7%.
Median Sold Price Compared To Nearby Cities
| Tappan | $595K | $650K | +9.2% |
| Orangeburg | $601.2K | $615K | +2.3% |
Housing Supply in Tappan, NY
How many homes are available in Tappan, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Summary: The Tappan real estate market had 20 homes for sale in October 2024, a 25.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 3 | +100.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Tappan 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 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tappan, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Tappan in October 2024, up by 300.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for Tappan, NY
How long does it take to sell a home in Tappan, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 53 Days | +221.6% |
Summary: Homes in Tappan had an average of 53 days on market in Oct 2024, up by 221.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tappan has remained consistent over time.
Summary: During October 2024, 8 homes were sold in Tappan; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% 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.