Armonk, NY 10504 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. median sold price 1,835,000 is the primary indicator of recent market value in Armonk and, given the divergence from the median listing price 1,150,000, suggests a meaningful gap between asking and transacted values that may reflect selective bidding on higher-end closed deals; hot market conditions appear concentrated in executed sales rather than across all listings.
2. median days on market 403 signals materially slower visible listing turnover and should be interpreted as slower sales velocity rather than broad market weakness; pricing friction may be present for properties that do not match the attributes of recent sales.
3. median price per square foot 510 and median market rent 5,200 together indicate a high-priced ownership market alongside strong nominal rents, though the rent trajectory is weakening as shown by the rent year-over-year trend down, which may temper investor yield expectations.
4. The market remains characterized as market temperature hot with the broader price direction price year-over-year trend up, but rising financing costs (listed as interest rate pressure elevated and supported by the property rate comparison 6.63% vs 6.03%) create a caution that may progressively cool buyer activity despite current strength.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.