Yonkers, NY 10701 Real Estate Market Report

ZIP Code: 10701
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.

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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 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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Yonkers, NY are approximately 6.46%, which is 0.59% higher than the 5.87% average observed 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 is the $699,000 median sold price, which points to realized market value and recent transaction activity and notably exceeds the $619,000 median listing price, suggesting sellers are achieving prices above current asking expectations.

2. Market temperature is hot and price year-over-year trend is up, indicating sustained upward pressure on values; hot pricing conditions may favor sellers in negotiated transactions.

3. Liquidity shows slower velocity as evidenced by the 379 median days on market, which may indicate pricing friction or longer decision cycles despite upward price momentum; this appears to reflect moderate transaction cadence rather than rapid turnover.

4. Affordability dynamics are tightening: the $2,600 median market rent is trending up, while prevailing mortgage conditions (current 30-year fixed ~ 6.46%, ~0.59% above the Feb 2026 average) and moderate interest rate pressure may sustain rent growth and pressure buyer purchasing power.

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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.

Yonkers, NY 10701 Real Estate Market Report

ZIP Code: 10701
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.

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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

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Yonkers, NY are approximately 6.46%, which is 0.59% higher than the 5.87% average observed 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 indicator, median sold price, is 383,000, reflecting realized market value from recent transactions and aligning with a hot market temperature and a price year-over-year trend of up.

2. Liquidity appears mixed: the median days on market is 337, which suggests slower sales velocity despite the hot market—paired with relatively constrained active supply, this may indicate pricing friction or elongated time-to-close on representative recent sales.

3. Valuation and rental pressure: the median price per square foot is 110 while the median market rent is 2,500; with rent year-over-year trending up, rising rents are a local pressure point that may increase affordability concerns for renters and influence investor interest in SFR and condominium assets.

4. Financing context shows moderate headwinds: interest rate pressure is moderate and Current 30-year fixed mortgage rates in Yonkers, NY are approximately 6.46%, which is 0.59% higher than the 5.87% average observed in February 2026; this may temper buyer capacity even as price momentum remains positive.

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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.