Yonkers, NY 10701 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

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

Key Findings

1. The primary market indicator is the median sold price of 640,000, which reflects recent transaction activity and suggests realized value is tracking below asking levels; this gap between median listing price and median sold price may indicate pricing friction rather than full value capture by sellers.
2. The median days on market of 390 points to slower sales velocity and longer listing lifecycles, which may indicate that buyers are taking more time to transact in this price band and that pricing or condition concessions could be increasingly necessary.
3. The price year-over-year trend is up, and the median price per square foot of 400 combined with a median market rent of 2,600 suggests both capital appreciation and rental demand are strengthening; up rent and price trends support investment interest but require careful underwriting given sales cadence.
4. Market conditions are balanced with a market temperature described as neutral and interest rate dynamics showing interest rate pressure as moderate; neutral market temperature and moderate rate pressure imply opportunities for selective sellers and cautious buyers rather than an outright market advantage for either side.

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.