Is New Rochelle, 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, New Rochelle was a Buyer's Market.
Housing Prices in New Rochelle, NY
How much do homes in New Rochelle, NY cost?
Median Sold Price
$751,000
$356/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Rochelle was $751,000 in April 2024, up 9.5% from last year, and the median price per square foot was $356.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $169K | $180K | +6.5% |
2 Bedrooms | $350K | $335K | -4.3% |
3 Bedrooms | $701K | $792K | +13.0% |
4 Bedrooms | $842K | $909.6K | +8.0% |
5+ Bedrooms | $910K | $930K | +2.2% |
Summary: New Rochelle housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 2.2%.
Median Sold Price Compared To Nearby Cities
Scarsdale | $1.1M | $1.3M | +16.4% |
Pelham | $897K | $999K | +11.4% |
New Rochelle | $685.6K | $751K | +9.5% |
Eastchester | $710K | $728.3K | +2.6% |
Housing Supply in New Rochelle, NY
How many homes are available in New Rochelle, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
254 | 271 | +6.7% |
Summary: The New Rochelle real estate market had 271 homes for sale in April 2024, a 6.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 58 | 55 | -5.2% |
2 Bedrooms | 40 | 41 | +2.5% |
3 Bedrooms | 60 | 61 | +1.7% |
4 Bedrooms | 51 | 56 | +9.8% |
5+ Bedrooms | 45 | 58 | +28.9% |
Summary: The New Rochelle housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 28.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 39 | +21.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in New Rochelle in April 2024, up by 21.9% month-over-month. Of the 39 sold homes, 38% were sold under asking, 5% were sold at asking, and 56% were sold over asking.
Days on Market for New Rochelle, NY
How long does it take to sell a home in New Rochelle, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
79 Days | 39 Days | -50.3% |
Summary: Homes in New Rochelle had an average of 39 days on market in Apr 2024, down by 50.3% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 39 homes were sold in New Rochelle; 59% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.