Is White Plains, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing White Plains is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, White Plains was a Neutral Market.

Key Takeaway

White Plains is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in White Plains, NY

How much do homes in White Plains, NY cost?

Median Sold Price

$593,916

$374/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$44,556(+8.1%)

Key Takeaway

Homes in White Plains have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in White Plains was $593,916 in April 2024, up 8.1% from last year, and the median price per square foot was $374.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $190K$215K
+13.2%
2 $402K$448K
+11.4%
3 $662K$721K
+8.9%
4 $791.5K$880K
+11.2%
5+ $960K$994.9K
+3.6%

Summary: White Plains housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.2%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 3.6%.

Median Sold Price Compared To Nearby Cities

Scarsdale
+16.4%
Greenburgh
+10.1%
White Plains
+8.1%
Harrison
-3.2%
Hartsdale
-10.1%

Housing Supply in White Plains, NY

How many homes are available in White Plains, NY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
247295+19.4%

Summary: The White Plains real estate market had 295 homes for sale in April 2024, a 19.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 5262
+19.2%
2 7889
+14.1%
3 5068
+36.0%
4 5150
-2.0%
5+ 1626
+62.5%

Summary: The White Plains housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19.2%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 36%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 62.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2542+68.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in White Plains, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.

Summary: A total of 42 homes were sold or pending in White Plains in April 2024, up by 68.0% month-over-month. Of the 42 sold homes, 36% were sold under asking, 12% were sold at asking, and 52% were sold over asking.

Days on Market for White Plains, NY

How long does it take to sell a home in White Plains, NY?

Average Sale Time

Apr 2023Apr 2024CHANGE
63 Days44 Days-28.7%

Summary: Homes in White Plains had an average of 44 days on market in Apr 2024, down by 28.7% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in White Plains are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 42 homes were sold in White Plains; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 11 Days Ago

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