Armonk, NY 10504 Real Estate Market Report

ZIP Code: 10504
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Armonk, NY is currently characterized by a median sold price of $1,499,000, reflecting a robust demand despite the elevated inventory levels. The neighborhood has increased up since 2023, indicating strong price appreciation and a competitive market environment. With a median days on market of 337, properties are experiencing slower sales velocity, suggesting that while demand is present, buyers may be more selective, leading to extended listing periods for some homes.

The market temperature is classified as hot, driven by high buyer interest and limited supply. However, the median listing price stands at $2,572,000, creating a notable gap between asking and selling prices, which may indicate pricing friction as sellers adjust expectations in response to market conditions. Rental prices, while steady, are showing signs of a down trend, which could influence overall market dynamics moving forward.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The median sold price of $1,499,000 reflects a strong market demand, with prices trending up since 2023.

2. With a median days on market of 337, the market is experiencing slower sales velocity, which may suggest buyer selectivity.

3. The median listing price of $2,572,000 indicates a significant gap compared to the sold price, potentially leading to pricing friction for sellers.

4. The market temperature is classified as hot, indicating strong buyer interest amidst elevated inventory levels.

5. Rental prices are showing a down trend, which may impact overall market performance and buyer sentiment.

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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.