Is Mamaroneck, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mamaroneck has remained a Neutral Market.
Housing Prices in Mamaroneck, NY
How much do homes in Mamaroneck, NY cost?
Median Sold Price
$749,500
$449/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mamaroneck was $749,500 in May 2024, down 1.7% from last year, and the median price per square foot was $449.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | $207.5K | -9.8% |
2 Bedrooms | $443.5K | $421K | -5.1% |
3 Bedrooms | $742.5K | $811.4K | +9.3% |
4 Bedrooms | $1.2M | $1.1M | -2.8% |
5+ Bedrooms | $1.3M | $1.4M | +0.9% |
Summary: Mamaroneck housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.8%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 0.9%.
Housing Supply in Mamaroneck, NY
How many homes are available in Mamaroneck, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
83 | 104 | +25.3% |
Summary: The Mamaroneck real estate market had 104 homes for sale in May 2024, a 25.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 13 | +44.4% |
2 Bedrooms | 17 | 20 | +17.6% |
3 Bedrooms | 15 | 16 | +6.7% |
4 Bedrooms | 25 | 33 | +32.0% |
5+ Bedrooms | 17 | 22 | +29.4% |
Summary: The Mamaroneck housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 44.4%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 32%, and 5+ bedroom homes increased by 29.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 15 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Mamaroneck in May 2024, up by 150.0% month-over-month. Of the 15 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Mamaroneck, NY
How long does it take to sell a home in Mamaroneck, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 28 Days | -4.0% |
Summary: Homes in Mamaroneck had an average of 28 days on market in May 2024, down by 4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Mamaroneck; 87% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.