Pelham, NY 10803 Real Estate Market Report
ZIP Code: 10803
Report Date: May 2026
Market Temperature: HOT
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.
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
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.
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
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.
Key Findings
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The primary market signal is the recent transactions: the neighborhood’s representative recent sale sits at a median sold price of $1,447,250, which should be treated as the best indicator of current market value and realized demand. hot market conditions support this transaction-level strength.
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There is a meaningful spread between the median listing price of $1,180,000 and the median sold price of $1,447,250, which may indicate sellers’ pricing expectations diverge from recent sale outcomes and suggests pricing friction that could affect time-to-contract.
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Liquidity appears mixed: the sample shows relatively constrained active supply alongside recent sales, while the long median days on market of 396 signals slower sales velocity for some listings; together these suggest transactions are selective and may take longer to close despite strong price levels.
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Market fundamentals remain supportive: the median price per square foot is $577 and median market rent is $3,075, the price year-over-year trend is stated as up, and market temperature is explicitly hot; however, interest rate pressure is described as moderate, which may temper near-term buyer urgency.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold at market average
Pelham, NY 10803 Real Estate Market Report
ZIP Code: 10803
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
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
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.
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
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.
Key Findings
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The neighborhood's median sold price is $740,000, which serves as the primary indicator of market value and aligns with a hot market tone supported by the price year-over-year trend being up.
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The median days on market is 478, which suggests slower sales velocity and may indicate pricing friction or longer negotiation timelines despite elevated transaction prices.
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The median price per square foot is 489 and the median market rent is $2,950, signaling a high per-square-foot valuation that should be used for unit-level pricing comparisons when evaluating SFR and condominium opportunities.
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Sampled supply appears to show relatively constrained active supply versus recent sales activity, consistent with a seller-leaning market; combined with moderate interest rate pressure, this suggests pricing resilience but potential sensitivity to financing conditions.
Notable Properties
The following 4 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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold above market average
Sold above market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.5% rate, 0.6% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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