Is Peekskill, 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, Peekskill was a Seller's Market.
Housing Prices in Peekskill, NY
How much do homes in Peekskill, NY cost?
Median Sold Price
$420,000
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Peekskill was $420,000 in May 2024, up 3% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $126K | $135K | +7.1% |
2 Bedrooms | $372K | $396.7K | +6.7% |
3 Bedrooms | $485K | $482.5K | -0.5% |
4 Bedrooms | $540K | $555K | +2.8% |
5+ Bedrooms | $615K | $610K | -0.8% |
Summary: Peekskill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
Cortlandt | $544.2K | $596.7K | +9.6% |
Cortlandt Manor | $537.9K | $580K | +7.8% |
Peekskill | $407.7K | $420K | +3.0% |
Housing Supply in Peekskill, NY
How many homes are available in Peekskill, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
84 | 94 | +11.9% |
Summary: The Peekskill real estate market had 94 homes for sale in May 2024, a 11.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 14 | -6.7% |
2 Bedrooms | 23 | 30 | +30.4% |
3 Bedrooms | 29 | 32 | +10.3% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Peekskill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 30.4%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 14 | -26.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Peekskill in May 2024, down by 26.3% month-over-month. Of the 14 sold homes, 29% were sold under asking, 21% were sold at asking, and 50% were sold over asking.
Days on Market for Peekskill, NY
How long does it take to sell a home in Peekskill, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
54 Days | 30 Days | -44.4% |
Summary: Homes in Peekskill had an average of 30 days on market in May 2024, down by 44.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Peekskill; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.