Is Mahopac, 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, Mahopac was a Seller's Market.
Housing Prices in Mahopac, NY
How much do homes in Mahopac, NY cost?
Median Sold Price
$522,500
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mahopac was $522,500 in April 2024, up 1.5% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $319.9K | $320K | 0.0% |
2 Bedrooms | $401K | $416K | +3.7% |
3 Bedrooms | $525K | $530K | +1.0% |
4 Bedrooms | $601.9K | $655K | +8.8% |
5+ Bedrooms | $675K | $680K | +0.7% |
Summary: Mahopac housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 0.7%.
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 Mahopac, NY
How many homes are available in Mahopac, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 87 | +17.6% |
Summary: The Mahopac real estate market had 87 homes for sale in April 2024, a 17.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 20 | 20 | 0.0% |
3 Bedrooms | 26 | 30 | +15.4% |
4 Bedrooms | 23 | 31 | +34.8% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Mahopac housing inventory by bedroom type for April 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 15.4%, 4 bedroom homes increased by 34.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Mahopac in April 2024, up by 9.1% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% were sold over asking.
Days on Market for Mahopac, NY
How long does it take to sell a home in Mahopac, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
82 Days | 45 Days | -45.6% |
Summary: Homes in Mahopac had an average of 45 days on market in Apr 2024, down by 45.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Mahopac; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.