Is West Nyack, 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, West Nyack was a Buyer's Market.
Housing Prices in West Nyack, NY
How much do homes in West Nyack, NY cost?
Median Sold Price
$678,000
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West Nyack was $678,000 in May 2024, up 4.1% from last year, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $275K | N/A |
2 Bedrooms | $387.5K | $438K | +13.0% |
3 Bedrooms | $582.5K | $596.7K | +2.4% |
4 Bedrooms | $620K | $729K | +17.6% |
5+ Bedrooms | $780K | $850.5K | +9.0% |
Summary: West Nyack 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 increased by 13%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
Orangetown | $585K | $645K | +10.3% |
Blauvelt | $645K | $700K | +8.5% |
Clarkstown | $600K | $637.2K | +6.2% |
West Nyack | $651K | $678K | +4.1% |
Nanuet | $527.6K | $548K | +3.9% |
Housing Supply in West Nyack, NY
How many homes are available in West Nyack, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 24 | +14.3% |
Summary: The West Nyack real estate market had 24 homes for sale in May 2024, a 14.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The West Nyack 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 decreased by 16.7%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in West Nyack in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% were sold over asking.
Days on Market for West Nyack, NY
How long does it take to sell a home in West Nyack, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 17 Days | -61.8% |
Summary: Homes in West Nyack had an average of 17 days on market in May 2024, down by 61.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in West Nyack; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.