New Rochelle's Single Family Home Market Booms Despite Decrease in Sales

 

The Current Residential Real Estate Market for New Rochelle Q1 2023

New Rochelle, NY saw a decrease in single-family home sales in December 2022, with a drop of 52.4% compared to the same month the previous year. However, the median sales price for these homes rose to $945,000.

The inventory of single-family homes in the area is currently at 57 houses, a decrease of 24.0% from December 2021. The average house has been on the market for 60 days, an increase of 50% from the previous year. There is currently a 2.06-month supply of single-family homes in New Rochelle, with an average price per square foot of $356.24.

In December 2022, 70% of single-family homes sold within 90 days, and 85% of them sold at 95% of their listing price. This shows that the market for single-family homes in New Rochelle remains strong despite the decrease in sales, with homes selling quickly and at close to their asking price.

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