Sleepy Hollow, NY 10591 Real Estate Market Report

ZIP Code: 10591
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 Sleepy Hollow is characterized by a median sold price of $912,499.50, reflecting a competitive landscape. The neighborhood has increased 15% since 2023, indicating strong upward momentum in property values. This growth is particularly notable in the luxury segment, where demand remains robust despite broader economic pressures.

Transaction activity appears moderate, with 318 days on market suggesting slower sales velocity. Elevated inventory levels may indicate excess supply relative to sales activity, which could lead to pricing friction as sellers adjust expectations. The median listing price stands at $2,167,500, creating a significant gap that suggests potential challenges for sellers in achieving their desired sale prices in the current market environment.

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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 $912,499.50 indicates strong market activity, despite elevated days on market.

2. With 318 days on market, the market shows signs of slower sales velocity, which may impact buyer engagement.

3. The median listing price of $2,167,500 reflects a significant gap compared to sold prices, suggesting potential pricing friction for sellers.

4. Rental demand remains strong, with a median market rent of $2,620, indicating a healthy rental market.

5. The market temperature is classified as hot, suggesting ongoing buyer interest despite the elevated inventory levels.

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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.