May 2026 Rye NY Real Estate Market Update: Single Family Homes, Condos & Co-op Housing Trends

By Thomas Roberts | William Raveis Real Estate

If you are following the Rye, NY real estate market, May 2026 brought a mix of changing inventory, shifting home prices, and continued buyer demand across several property types. Whether you are buying, selling, investing, or simply staying informed about your community, understanding local market conditions can help you make smarter real estate decisions.

Below is a detailed look at the Rye NY housing market for Single Family Homes, Condos, and Co-op apartments based on the latest May 2026 market data.

Quick Takeaways: Rye NY Housing Market Trends for May 2026

• Single Family Homes: Luxury pricing remained strong despite fewer sales and lower inventory.
• Condos: Extremely limited inventory created a competitive environment.
• Co-ops: Affordable housing option with increasing sale prices and extremely tight inventory.

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Single Family Homes in Rye, NY

The Rye single family home market experienced lower transaction volume in May 2026, but demand for premium housing remained strong. There were just 4 home sales, down 69.2% from May 2025. However, Rye continues to command premium pricing, with the median sale price reaching $2,815,100.

• Unit Sales: 4 homes sold
• Median Sale Price: $2,815,100
• Median Price Per Square Foot: $1,034 (up 24.0%)
• Days on Market: 47 days (up 42.4%)
• Inventory: 12 homes (down 58.6%)
• Months of Supply: 1.73 months (down 34.7%)
• Sold Within 90 Days: 75%
• Sold for Over 95% of List Price: 75%

For homeowners considering selling in Rye, low inventory still creates opportunity. With just 1.73 months of supply, well-prepared homes that are strategically priced can still attract strong interest. Buyers should expect competition for desirable homes, especially near Rye’s schools, downtown amenities, and Metro-North access.

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Condos in Rye, NY

The Rye condo market remained extremely tight in May 2026. Only 1 condo sale closed during the month, but inventory remained very limited, helping support pricing.

• Unit Sales: 1 condo sold
• Median Sale Price: $720,000
• Median Price Per Square Foot: $514
• Days on Market: 16 days
• Inventory: 6 condos (down 33.3%)
• Months of Supply: 4.24 months
• Sold Within 90 Days: 100%
• Sold for Over 95% of List Price: 100%

Condominiums continue to appeal to buyers seeking a lower-maintenance lifestyle in Rye while remaining close to shops, restaurants, parks, and transportation. With inventory still limited, buyers looking for Rye condos should be prepared to move quickly when desirable opportunities become available.

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Co-op Apartments in Rye, NY

The Rye co-op apartment market remained one of the most affordable entry points into the community. In May 2026, there were 2 co-op sales, up 100% from May 2025. The median sale price increased to $602,500, up 7.6% year-over-year.

• Unit Sales: 2 co-op sales
• Median Sale Price: $602,500
• Median Price Per Square Foot: $376 (down 39.5%)
• Days on Market: 49 days (up 188.2%)
• Inventory: 2 units (down 85.7%)
• Months of Supply: 0.69 months (down 90.2%)
• Sold Within 90 Days: 100%
• Sold for Over 95% of List Price: 100%

Rye co-ops remain attractive for buyers seeking a more accessible price point into one of Westchester County’s most desirable communities. However, with only 0.69 months of supply, inventory remains exceptionally tight.

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What This Means for Buyers and Sellers in Rye

For Buyers

• Prepare financing and approvals before starting your search.
• Expect competition in low-inventory segments like condos and co-ops.
• Move quickly on well-priced listings.

For Sellers

• Low inventory still favors sellers in Rye.
• Strategic pricing and professional marketing remain critical.
• Presentation matters more than ever in luxury and competitive markets.

Final Thoughts on the Rye NY Real Estate Market

The May 2026 Rye NY real estate market shows continued strength despite fewer transactions. Single family homes continue commanding premium pricing, condos remain limited in supply, and co-op apartments provide an attractive entry point into the Rye lifestyle.

If you are thinking about buying or selling in Rye, understanding the local numbers can help you make better, more confident real estate decisions.

For more updates on the Rye NY real estate market, follow my blog, subscribe for updates, and watch my YouTube videos for local housing insights. Be sure to subscribe to my RealtorTom YouTube channel here:

https://www.youtube.com/@RealtorTom

Thomas Roberts
Real Estate Agent | William Raveis
📞 (914) 755-9816
https://linktr.ee/RealtorTom

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 The City of Rye, NY Real Estate Market: A Review of April 2023 Data

Introduction:

The City of Rye, New York, has long been a sought-after location for homeowners looking for a picturesque suburban setting near New York City. As we delve into the real estate market data for April 2023, we gain valuable insights into the current trends and changes in the housing market. This analysis focuses on single-family homes, condos, and co-ops, shedding light on unit sales, median sale prices, inventory levels, days on market, months of supply, and median sale price per square foot.

Single-Family Homes: 8 Homes

The single-family home segment experienced a notable decline in unit sales, with only 8 homes sold in April 2023, representing a significant drop of 52.9% compared to the same month in 2022. Additionally, the median sale price for single-family homes stood at $1,685,000, down 19.8% from April 2022. The inventory of single-family homes decreased by 52.9%, indicating a limited selection for buyers. Days on market increased by a staggering 175.0%, reaching 55 days, while the months of supply decreased by 48.3% to 1.78. The median sale price per square foot also experienced a slight decrease of 2.1%, resting at $670.

Condos: 2 Units

The condo market in Rye faced a significant decline in unit sales, with only 2 condos sold in April 2023, representing a steep drop of 66.7% compared to the same month in the previous year. The median sale price for condos was $971,250, down 47.1% from April 2022. The inventory of condos decreased by 30.0%, indicating a limited supply of available units. Days on market increased by 60.6%, reaching 53 days, while the months of supply increased by 146.4% to 3.36. Interestingly, the median sale price per square foot experienced an increase of 8.0%, reaching $827.

Co-ops: 1 Unit

Co-op sales in April 2023 also witnessed a decline, with only 1 unit sold, representing a decrease of 50.0% compared to April 2022. The median sale price for co-ops was $320,000, down 52.9% from the previous year. However, the inventory of co-ops increased by 57.1%, indicating a broader range of options for potential buyers. Days on market also experienced a substantial increase of 121.0%, reaching 137 days. The months of supply increased by 47.0% to 4.26. The median sale price per square foot for co-ops decreased by 17.9%, resting at $317.

Market Analysis:

The April 2023 data indicates that the City of Rye, NY, experienced a challenging real estate market compared to the same period in 2022. The decline in unit sales across all property types suggests a general slowdown in the market. However, it is important to note that the sample size for condo and co-op sales is smaller compared to single-family homes, which may lead to more significant fluctuations in the data.

The decrease in median sale prices for single-family homes, condos, and co-ops can be attributed to various factors, such as changes in buyer preferences, economic conditions, or fluctuations in the local housing market. Additionally, the increased days on market for single-family homes, condos, and co-ops indicate a longer period for properties to sell, possibly indicating increased buyer caution or a more competitive market.

Data:

If you would like to see the market data report click herre