Is Tuxedo, 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, Tuxedo was a Neutral Market.
Key Takeaway
Tuxedo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tuxedo, NY
How much do homes in Tuxedo, NY cost?
Median Sold Price
$630,000
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Tuxedo have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Tuxedo was $630,000 in May 2024, up 3.3% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.5K | $205K | +12.3% |
| 2 Bedrooms | $250K | $287.5K | +15.0% |
| 3 Bedrooms | $611.2K | $410K | -32.9% |
| 4 Bedrooms | $932.5K | $750K | -19.6% |
| 5+ Bedrooms | $1.0M | $1.8M | +71.2% |
Summary: Tuxedo housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 15%, 3 bedroom homes decreased by 32.9%, 4 bedroom homes decreased by 19.6%, and 5+ bedroom homes increased by 71.2%.
Median Sold Price Compared To Nearby Cities
| Tuxedo Park | $618K | $727K | +17.6% |
| Sloatsburg | $417K | $480K | +15.1% |
| Woodbury | $631.5K | $694.7K | +10.0% |
| Tuxedo | $610K | $630K | +3.3% |
Housing Supply in Tuxedo, NY
How many homes are available in Tuxedo, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 30 | +11.1% |
Summary: The Tuxedo real estate market had 30 homes for sale in May 2024, a 11.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Tuxedo housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tuxedo, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Tuxedo in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Tuxedo, NY
How long does it take to sell a home in Tuxedo, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 71 Days | 219 Days | +208.1% |
Summary: Homes in Tuxedo had an average of 219 days on market in May 2024, up by 208.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tuxedo has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Tuxedo; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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. 
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.