Pelham Real Estate Statistics

Pelham real estate average sold price in the last 30 days (March 26 - April 24) was $1,058,782, which is $91,749 (8.7%) higher than the average price of $967,033 in the previous 30 day period (February 25 - March 25), and $148,056 (14.0%) up from the same period 1 year ago ($910,726). Pelham real estate prices over the last 30 days are also $105,883 (10.0%) higher than the average selling price of $952,899 over the past year.

Pelham average sold price for homes was $1,148,611 in the last 30 days (March 26 - April 24), which is $111,736 (9.7%) up from the average home price of $1,036,875 in the previous 30 day period (February 25 - March 25), and $222,826 (19.4%) higher than the same period 1 year ago ($925,785). In the last 30 days Pelham the average home price was $154,124 (13.4%) higher than the average selling price of $994,487 over the last 12 months.

Average sold price of Pelham townhouse was $735,400 in the last 30 days (March 26 - April 24), up $47,734 (6.5%) from the average townhome price of $687,666 over the previous 30 days (February 25 - March 25), and $35,500 (4.8%) higher than during to the same period 1 year ago ($699,900). Over the last 30 days the average townhouse price in Pelham was $145,663 (19.8%) higher compared to the average selling price of $589,737 over the last 12 months.

Average selling price for Pelham real estate was $1,058,782 in the last 30 days (March 26 - April 24), which is collectively $53,278 (5.6%) lower than the average asking price of $949,912. This represents an increase of $6,202 (10.4%) compared to $59,480 (5.2%) Sold-Under-Asking price from the previous 30 day period (February 25 - March 25).

The maximum Sold Over/Under Asking ratio in Pelham during the last 12 months was recorded in July, 2023 with an average of $26,066 over the asking price, while the minimum occurring in January, 2024 with $109,800 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 100.0% with 23 properties sold and 25 new properties listed in the past 30 days (March 26 - April 24). This represents an increase from 60.0% recorded during the previous 30 day period (February 25 - March 25), and an increase from 60.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Pelham was 133.3% recorded in August and the lowest was in December at 33.3%. 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 23 properties that were successfully sold in Pelham in the last 30 days (March 26 - April 24) was 26 days, which is 22 days less than 48 days average in the previous 30 day period (February 25 - March 25) and 9 days longer than during the same period a year ago (17 days).

There were 27 delisted properties in Pelham, those that got either Expired, Suspended or Terminated over the last 30 days (March 26 - April 24) with an average of 74 days on the market. This is 26 days longer than the average of 48 days during the previous 30 day period (February 25 - March 25) and 2 days more compared to the same period last year average of 72 days on the market.

27 Pelham properties that didn't sell stayed on the market 184.6% longer than 23 that sucessfully sold over the last 30 days - 26 days when sold vs 74 days when delisted respectively.

Average Days on the Market in Pelham over the past 12 months for properties that have sold was 35.8 days, with 72.1 days for those properties that did not sell.

23 new properties were listed on the market in Pelham in the last 30 days (March 26 - April 24). During the same time 23 properties were sold and 27 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 27 properties (or 117.4%).

During the previous 30 day period (February 25 - March 25) there were 25 new properties listed, 15 sold and 13 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was June with 29 new properties listed, the slowest - December with 9 new listings and a yearly average of 22 new listings per month.

There were a total of 16 homes listed during the last 30 days (March 26 - April 24), which is 69.6% of all properties listed in Pelham. This is a 15.8% decline compared with a previous 30 day period (February 25 - March 25) and 11.1% down from the same period a year ago. Over the past year an average of 18 homes are were listed per month.

2 condo units were listed in the last 30 days (March 26 - April 24) in Pelham, which represents 8.7% of all new listings. This is up 100.0% from the prior 30 day period (February 25 - March 25) and 0.0% less compared to the same period last year. There were 0 condos listed per month on average during the last 12 months.

5 townhomes were listed over the last 30 days (March 26 - April 24) in Pelham, which is 21.7% of all new real estate inventory. This is a 0.0% less than during the previous 30 day period (February 25 - March 25) and 0.0% decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 4 a month.

There were a total of 18 homes sold during the last 30 days (March 26 - April 24), which is 78.3% of all properties sold in Pelham. This is a 50.0% increase compared with a previous 30 day period (February 25 - March 25) and 28.6% up from the same period a year ago. Over the past year an average of 11 homes are were sold per month.

5 townhomes were sold over the last 30 days (March 26 - April 24) in Pelham, which is 21.7% of all sold real estate. This is a 66.7% more than during the previous 30 day period (February 25 - March 25) and 400.0% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 1 a month.