Larchmont, NY 10538 Real Estate Market Report

ZIP Code: 10538
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Larchmont, NY are 6.25% compared to the 5.85% market average seen in February 2026.

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

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Key Findings

1. The primary market indicator, median sold price $1,650,000, reflects recent transaction levels and should be used as the most reliable gauge of current value in Larchmont; representative recent sale suggests pricing is below current asking levels.

2. Despite a higher median listing price $1,730,000 versus sold levels, the market shows pricing friction—sellers appear to be listing above where transactions are closing, which may require sellers to adjust expectations or offer concessions to achieve sales.

3. Extended time to transact is evident with median days on market 409, which signals slower sales velocity and suggests that liquidity is reduced; buyers and sellers should expect longer marketing periods and consider strategic pricing or financing terms to accelerate deals.

4. Macro and financing context is a headwind: interest rate pressure is reported as moderate and local mortgage rates are higher (Current 30-year fixed at 6.25% vs a 5.85% market average), indicating down pressure on price sensitivity and potential buyer affordability constraints.

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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.

Larchmont, NY 10538 Real Estate Market Report

ZIP Code: 10538
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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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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 Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Larchmont, NY are 6.25% compared to the 5.85% market average seen in February 2026.

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

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Key Findings

1. The neighborhood’s primary indicator, the median sold price, is $790,000, which—alongside a down year-over-year price trend—signals recent transaction-level price pressure rather than seller-driven price expansion.

2. Extended selling timelines are evident: the median days on market is 393, which suggests slower sales velocity and caution for sellers expecting rapid turnover; this longer holding period may indicate pricing friction between buyer and seller expectations.

3. Price and rent context show unit economics: the median price per square foot is $553 while the median market rent is $2,500; with rents trending up, rental demand appears stronger relative to recent sale-price movements.

4. Financing and affordability context is a headwind: current 30-year fixed mortgage rates in Larchmont are 6.25% versus a 5.85% market average (Feb 2026), and with interest rate pressure rated moderate, expect increased sensitivity to pricing among rate‑constrained buyers.

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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.