Is White Plains, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing White Plains is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, White Plains was a Seller's Market.

Key Takeaway

White Plains 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 White Plains, NY

How much do homes in White Plains, NY cost?

Median Sold Price

$630,000

$384/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$78,275(+14.2%)

Key Takeaway

Homes in White Plains have sold for 14.2% more than they did a year ago.

Summary: The median home sold price in White Plains was $630,000 in October 2024, up 14.2% from last year, and the median price per square foot was $384.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $192.5K$230K
+19.5%
2 $420K$480K
+14.3%
3 $683K$726K
+6.3%
4 $875K$840K
-4.0%
5+ $955K$1.1M
+21.5%

Summary: White Plains housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.5%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 21.5%.

Median Sold Price Compared To Nearby Cities

Hartsdale
+37.6%
Scarsdale
+30.4%
Harrison
+18.1%
White Plains
+14.2%
Greenburgh
+10.7%

Housing Supply in White Plains, NY

How many homes are available in White Plains, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
325342+5.2%

Summary: The White Plains real estate market had 342 homes for sale in October 2024, a 5.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 8079
-1.3%
2 8687
+1.2%
3 7685
+11.8%
4 4552
+15.6%
5+ 3839
+2.6%

Summary: The White Plains housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 2.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4952+6.1%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in White Plains, you could pay more than the asking price. 51.9% of homes here sold above asking price last month.

Summary: A total of 52 homes were sold or pending in White Plains in October 2024, up by 6.1% month-over-month. Of the 52 sold homes, 35% were sold under asking, 13% were sold at asking, and 52% were sold over asking.

Days on Market for White Plains, NY

How long does it take to sell a home in White Plains, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
51 Days42 Days-17.3%

Summary: Homes in White Plains had an average of 42 days on market in Oct 2024, down by 17.3% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in White Plains are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 52 homes were sold in White Plains; 52% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 10% 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 16 Days Ago

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