Is Yonkers, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Yonkers has remained a Buyer's Market.
Housing Prices in Yonkers, NY
How much do homes in Yonkers, NY cost?
Median Sold Price
$484,750
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Yonkers was $484,750 in April 2024, up 10.3% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162K | $165K | +1.9% |
2 Bedrooms | $260K | $280.5K | +7.9% |
3 Bedrooms | $590K | $620K | +5.1% |
4 Bedrooms | $668.5K | $705K | +5.5% |
5+ Bedrooms | $829.5K | $831.2K | 0.2% |
Summary: Yonkers housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Cities
Bronxville | $425K | $470K | +10.6% |
Yonkers | $439.4K | $484.7K | +10.3% |
Tuckahoe | $705K | $733.2K | +4.0% |
Eastchester | $710K | $728.3K | +2.6% |
Mount Vernon | $520K | $475K | -8.7% |
Housing Supply in Yonkers, NY
How many homes are available in Yonkers, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
538 | 590 | +9.7% |
Summary: The Yonkers real estate market had 590 homes for sale in April 2024, a 9.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 154 | 163 | +5.8% |
2 Bedrooms | 151 | 164 | +8.6% |
3 Bedrooms | 83 | 103 | +24.1% |
4 Bedrooms | 70 | 69 | -1.4% |
5+ Bedrooms | 80 | 91 | +13.8% |
Summary: The Yonkers housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 24.1%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 13.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 66 | -7.0% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 66 homes were sold or pending in Yonkers in April 2024, down by 7.0% month-over-month. Of the 66 sold homes, 41% were sold under asking, 15% were sold at asking, and 44% were sold over asking.
Days on Market for Yonkers, NY
How long does it take to sell a home in Yonkers, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
74 Days | 54 Days | -27.4% |
Summary: Homes in Yonkers had an average of 54 days on market in Apr 2024, down by 27.4% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 66 homes were sold in Yonkers; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.