Is Port Chester, 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, Port Chester has remained a Seller's Market.
Housing Prices in Port Chester, NY
How much do homes in Port Chester, NY cost?
Median Sold Price
$692,000
$375/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Port Chester was $692,000 in May 2024, up 13.8% from last year, and the median price per square foot was $375.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $325K | +109.7% |
2 Bedrooms | $394K | $456.5K | +15.9% |
3 Bedrooms | $744.7K | $740K | -0.6% |
4 Bedrooms | $723K | $865K | +19.6% |
5+ Bedrooms | $780K | $842.5K | +8.0% |
Summary: Port Chester housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 109.7%, 2 bedroom homes increased by 15.9%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 8%.
Housing Supply in Port Chester, NY
How many homes are available in Port Chester, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
72 | 81 | +12.5% |
Summary: The Port Chester real estate market had 81 homes for sale in May 2024, a 12.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 13 | 0.0% |
2 Bedrooms | 10 | 14 | +40.0% |
3 Bedrooms | 27 | 25 | -7.4% |
4 Bedrooms | 12 | 16 | +33.3% |
5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Port Chester housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 17 | +70.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Port Chester in May 2024, up by 70.0% month-over-month. Of the 17 sold homes, 12% were sold under asking, 12% were sold at asking, and 76% were sold over asking.
Days on Market for Port Chester, NY
How long does it take to sell a home in Port Chester, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
69 Days | 28 Days | -58.4% |
Summary: Homes in Port Chester had an average of 28 days on market in May 2024, down by 58.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Port Chester; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.