Is Katonah, 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, Katonah was a Buyer's Market.
Housing Prices in Katonah, NY
How much do homes in Katonah, NY cost?
Median Sold Price
$917,250
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Katonah was $917,250 in May 2024, up 2% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $499K | $500K | 0.2% |
2 Bedrooms | $525K | $677.5K | +29.0% |
3 Bedrooms | $759K | $789.5K | +4.0% |
4 Bedrooms | $958.5K | $1.1M | +14.8% |
5+ Bedrooms | $1.6M | $1.1M | -30.4% |
Summary: Katonah housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 29%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes decreased by 30.4%.
Housing Supply in Katonah, NY
How many homes are available in Katonah, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
58 | 65 | +12.1% |
Summary: The Katonah real estate market had 65 homes for sale in May 2024, a 12.1% 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 | 4 | 3 | -25.0% |
3 Bedrooms | 13 | 16 | +23.1% |
4 Bedrooms | 28 | 32 | +14.3% |
5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Katonah 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 decreased by 25%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Katonah in May 2024, up by 33.3% month-over-month. Of the 12 sold homes, 17% were sold under asking, 8% were sold at asking, and 75% were sold over asking.
Days on Market for Katonah, NY
How long does it take to sell a home in Katonah, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 13 Days | -54.9% |
Summary: Homes in Katonah had an average of 13 days on market in May 2024, down by 54.9% compared to last year.
Breakdown of Home Sale Times
11 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, 12 homes were sold in Katonah; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.