Is Tuxedo Park, 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, Tuxedo Park was a Neutral Market.
Key Takeaway
Tuxedo Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tuxedo Park, NY
How much do homes in Tuxedo Park, NY cost?
Median Sold Price
$727,000
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Tuxedo Park have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in Tuxedo Park was $727,000 in May 2024, up 17.6% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $379.9K | +90.0% |
| 2 Bedrooms | $489K | $418K | -14.5% |
| 3 Bedrooms | $611.2K | $477.5K | -21.9% |
| 4 Bedrooms | $980K | $750K | -23.5% |
| 5+ Bedrooms | $1.0M | $1.8M | +71.2% |
Summary: Tuxedo Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 90%, 2 bedroom homes decreased by 14.5%, 3 bedroom homes decreased by 21.9%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes increased by 71.2%.
Median Sold Price Compared To Nearby Cities
| Tuxedo Park | $618K | $727K | +17.6% |
| Tuxedo | $610K | $630K | +3.3% |
Housing Supply in Tuxedo Park, NY
How many homes are available in Tuxedo Park, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 30 | +15.4% |
Summary: The Tuxedo Park real estate market had 30 homes for sale in May 2024, a 15.4% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Tuxedo Park 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 increased by 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tuxedo Park, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Tuxedo Park in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Tuxedo Park, NY
How long does it take to sell a home in Tuxedo Park, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 71 Days | 375 Days | +426.3% |
Summary: Homes in Tuxedo Park had an average of 375 days on market in May 2024, up by 426.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Tuxedo Park are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 1 homes were sold in Tuxedo Park; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.