Is Carmel, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Carmel was a Seller's Market.
Key Takeaway
Carmel 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 Carmel, NY
How much do homes in Carmel, NY cost?
Median Sold Price
$455,000
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Carmel have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Carmel was $455,000 in April 2024, up 4.6% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $283K | -0.7% |
| 2 Bedrooms | $350K | $380K | +8.6% |
| 3 Bedrooms | $465K | $500K | +7.5% |
| 4 Bedrooms | $615K | $615K | 0% |
| 5+ Bedrooms | $650K | $699.4K | +7.6% |
Summary: Carmel housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
| Carmel | $435K | $455K | +4.6% |
| Putnam Valley | $455K | $464K | +2.0% |
| Mahopac | $515K | $522.5K | +1.5% |
Housing Supply in Carmel, NY
How many homes are available in Carmel, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 158 | 177 | +12.0% |
Summary: The Carmel real estate market had 177 homes for sale in April 2024, a 12.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 17 | +6.3% |
| 2 Bedrooms | 50 | 53 | +6.0% |
| 3 Bedrooms | 45 | 49 | +8.9% |
| 4 Bedrooms | 38 | 48 | +26.3% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Carmel housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 29 | +3.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carmel, you may be able to get a good deal. 62.1% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Carmel in April 2024, up by 3.6% month-over-month. Of the 29 sold homes, 62% were sold under asking, 10% were sold at asking, and 28% were sold over asking.
Days on Market for Carmel, NY
How long does it take to sell a home in Carmel, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 74 Days | 59 Days | -21.1% |
Summary: Homes in Carmel had an average of 59 days on market in Apr 2024, down by 21.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Carmel are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 29 homes were sold in Carmel; 41% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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Copyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.