Is Wesley Hills, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wesley Hills is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Wesley Hills was a Seller's Market.

Key Takeaway

Wesley Hills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Wesley Hills, NY

How much do homes in Wesley Hills, NY cost?

Median Sold Price

$977,500

$383/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$85,000(+9.5%)

Key Takeaway

Homes in Wesley Hills have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Wesley Hills was $977,500 in October 2024, up 9.5% from last year, and the median price per square foot was $383.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $649K-
N/A
3 $777K$695K
-10.6%
4 $842.5K$865K
+2.7%
5+ $1.1M$1.1M
+2.2%

Summary: Wesley Hills 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 did not change, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 2.2%.

Median Sold Price Compared To Nearby Cities

Ramapo
+13.4%
New Hempstead
+13.2%
Wesley Hills
+9.5%
Montebello
+6.8%
Pomona
+1.6%

Housing Supply in Wesley Hills, NY

How many homes are available in Wesley Hills, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2124+14.3%

Summary: The Wesley Hills real estate market had 24 homes for sale in October 2024, a 14.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 12
+100.0%
4 89
+12.5%
5+ 1112
+9.1%

Summary: The Wesley Hills 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 increased by 100%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wesley Hills, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Wesley Hills in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Wesley Hills, NY

How long does it take to sell a home in Wesley Hills, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days108 Days+213.0%

Summary: Homes in Wesley Hills had an average of 108 days on market in Oct 2024, up by 213% 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Wesley Hills has remained consistent over time.

Summary: During October 2024, 2 homes were sold in Wesley Hills; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Wesley Hills, NY

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