Is Wesley Hills, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Wesley Hills was a Buyer's Market.
Housing Prices in Wesley Hills, NY
How much do homes in Wesley Hills, NY cost?
Median Sold Price
$976,500
$380/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wesley Hills was $976,500 in May 2024, up 14.9% from last year, and the median price per square foot was $380.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $479.5K | - | N/A |
3 Bedrooms | $752.5K | $800K | +6.3% |
4 Bedrooms | $800K | $842.5K | +5.3% |
5+ Bedrooms | $987K | $1.2M | +24.6% |
Summary: Wesley Hills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 24.6%.
Median Sold Price Compared To Nearby Cities
Wesley Hills | $850K | $976.5K | +14.9% |
Ramapo | $658.5K | $705.9K | +7.2% |
New Hempstead | $802K | $840K | +4.7% |
Montebello | $860K | $855K | -0.6% |
Pomona | $415K | $380K | -8.4% |
Housing Supply in Wesley Hills, NY
How many homes are available in Wesley Hills, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 22 | +22.2% |
Summary: The Wesley Hills real estate market had 22 homes for sale in May 2024, a 22.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Wesley Hills 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Wesley Hills in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Wesley Hills, NY
How long does it take to sell a home in Wesley Hills, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 42 Days | -6.1% |
Summary: Homes in Wesley Hills had an average of 42 days on market in May 2024, down by 6.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Wesley Hills; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.