Pelham Real Estate Statistics

Pelham real estate average sold price in the last 30 days (December 19 - January 17) was $666,428, which is $88,426 (13.3%) lower than the average price of $754,854 in the previous 30 day period (November 19 - December 18), and $435,572 (65.4%) down from the same period 1 year ago ($1,102,000). Pelham real estate prices over the last 30 days are also $252,576 (37.9%) lower than the average selling price of $919,004 over the past year.

Pelham average sold price for homes was $708,707 in the last 30 days (December 19 - January 17), which is $77,416 (10.9%) down from the average home price of $786,123 in the previous 30 day period (November 19 - December 18), and $751,293 (106.0%) lower than the same period 1 year ago ($1,460,000). In the last 30 days Pelham the average home price was $255,432 (36.0%) lower than the average selling price of $964,139 over the last 12 months.

Average Pelham condo sold price over the last 30 days (December 19 - January 17) was $475,000. During this period it was $47,500 (10.0%) up from the average price of condo of $427,500 during the previous 30 days (November 19 - December 18), and $55,000 (11.6%) lower compared to the same period 1 year ago ($530,000). In the last 30 days Pelham the average condo price was $141,957 (29.9%) higher than the average selling price of $333,043 over the last year.

Average sold price of Pelham townhouse was $487,187 in the last 30 days (December 19 - January 17), down $203,468 (41.8%) from the average townhome price of $690,655 over the previous 30 days (November 19 - December 18), and $112,813 (23.2%) lower than during to the same period 1 year ago ($600,000). Over the last 30 days the average townhouse price in Pelham was $169,291 (34.7%) lower compared to the average selling price of $656,478 over the last 12 months.

Average selling price for Pelham real estate was $666,428 in the last 30 days (December 19 - January 17), which is collectively $14,236 (1.4%) lower than the average asking price of $989,081. This represents an increase of $7,785 (35.4%) compared to $22,021 (2.4%) Sold-Under-Asking price from the previous 30 day period (November 19 - December 18).

The maximum Sold Over/Under Asking ratio in Pelham during the last 12 months was recorded in December, 2024 with an average of $12,890 under the asking price, while the minimum occurring in March, 2024 with $66,157 below the asking price.

Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Pelham was 198.3% with 117 properties sold and 18 new properties listed in the past 30 days (December 19 - January 17). This represents a decrease from 466.7% recorded during the previous 30 day period (November 19 - December 18), and an increase from 29.4% compared to the same period one year ago.

Over the the last year the highest SNLR in Pelham was 2,079.2% recorded in November and the lowest was in May at 42.9%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.

The Average Days on the Market (DOM) for 117 properties that were successfully sold in Pelham in the last 30 days (December 19 - January 17) was 51 days, which is 6 days more than 45 days average in the previous 30 day period (November 19 - December 18) and 14 days longer than during the same period a year ago (37 days).

There were 107 delisted properties in Pelham, those that got either Expired, Suspended or Terminated over the last 30 days (December 19 - January 17) with an average of 98 days on the market. This is 6 days longer than the average of 92 days during the previous 30 day period (November 19 - December 18) and 16 days more compared to the same period last year average of 82 days on the market.

107 Pelham properties that didn't sell stayed on the market 92.2% longer than 117 that sucessfully sold over the last 30 days - 51 days when sold vs 98 days when delisted respectively.

Average Days on the Market in Pelham over the past 12 months for properties that have sold was 42.6 days, with 87.0 days for those properties that did not sell.

59 new properties were listed on the market in Pelham in the last 30 days (December 19 - January 17). During the same time 117 properties were sold and 107 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 165 properties (or 279.7%).

During the previous 30 day period (November 19 - December 18) there were 18 new properties listed, 84 sold and 102 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was October with 41 new properties listed, the slowest - December with 17 new listings and a yearly average of 28 new listings per month.

There were a total of 40 homes listed during the last 30 days (December 19 - January 17), which is 67.8% of all properties listed in Pelham. This is a 344.4% increase compared with a previous 30 day period (November 19 - December 18) and 185.7% up from the same period a year ago. Over the past year an average of 20 homes are were listed per month.

1 condo units were listed in the last 30 days (December 19 - January 17) in Pelham, which represents 1.7% of all new listings. This is down 0.0% from the prior 30 day period (November 19 - December 18) and 0.0% less compared to the same period last year. There were 2 condos listed per month on average during the last 12 months.

18 townhomes were listed over the last 30 days (December 19 - January 17) in Pelham, which is 30.5% of all new real estate inventory. This is a 125.0% more than during the previous 30 day period (November 19 - December 18) and 800.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 6 a month.

There were a total of 95 homes sold during the last 30 days (December 19 - January 17), which is 81.2% of all properties sold in Pelham. This is a 53.2% increase compared with a previous 30 day period (November 19 - December 18) and 3,066.7% up from the same period a year ago. Over the past year an average of 89 homes are were sold per month.

6 condo units were sold in the last 30 days (December 19 - January 17) in Pelham, which represents 5.1% of all sold properties. This is up 200.0% from the prior 30 day period (November 19 - December 18) and 500.0% more compared to the same period last year. There were 3 condos sold per month on average during the last 12 months.

16 townhomes were sold over the last 30 days (December 19 - January 17) in Pelham, which is 13.7% of all sold real estate. This is a 20.0% less than during the previous 30 day period (November 19 - December 18) and 1,500.0% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 11 a month.