Larchmont, NY 10538 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

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. The neighborhood's primary market value indicator is the median sold price of 1,737,500, which represents recent transaction activity and should be used as the baseline for pricing decisions; use representative recent sale pricing when advising sellers or buyers.
2. Pricing context shows the median listing price of 1,897,500 sits above the median sold price of 1,737,500, which may indicate pricing friction between seller expectations and closed transactions—price assertiveness should be tempered by recent sale comps.
3. Market liquidity appears mixed: the market temperature is hot, and yet the median days on market is 424, which suggests slower sales velocity for some properties and that move-in-ready or competitively priced homes will capture the strongest buyer interest.
4. Unit-level economics support premium pricing in settled trades with a median price per square foot of 646 and a median market rent of 3,200; given moderate interest rate pressure and current 30-year fixed rates around 6.63%, recommend pricing strategies that emphasize condition and comparables to accelerate closings.

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.