Scarsdale, NY 10583 Real Estate Market Report

ZIP Code: 10583
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Scarsdale is characterized by a median sold price of $1,725,000, reflecting the actual transaction values in the area. This price point indicates a competitive environment, with the market experiencing an upward trend in pricing, although specific areas are seeing more significant appreciation. The neighborhood has increased 15% since 2023, suggesting a robust demand for properties despite mixed overall price trends.

The market is currently exhibiting elevated inventory levels, with a notable median days on market of 299, indicating slower sales velocity. This extended duration suggests a potential pricing friction between seller expectations and buyer willingness. The median listing price stands at $2,200,000, revealing a considerable gap between asking and selling prices, which may indicate a need for adjustments in seller strategies. The overall market temperature is classified as hot, driven by moderate interest rates and strong rental demand, which supports the ongoing market dynamics.

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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 $1,725,000 indicates strong market activity despite elevated inventory levels.

2. With a median days on market of 299, the market is experiencing slower sales velocity, suggesting potential pricing adjustments may be necessary.

3. The median listing price of $2,200,000 shows a significant gap compared to the sold price, indicating potential pricing friction for sellers.

4. The market temperature is classified as hot, reflecting strong demand and moderate interest rate pressure.

5. The median market rent of $3,430 suggests robust rental demand, contributing positively to the overall market dynamics.

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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.