Scarsdale, NY Real Estate Market

Sellers are in a commanding position, with homes closing at a median of $1,985,000 well above the median list price of $1,670,000, a clear indicator of aggressive buyer competition. With a median of only 13 days on market, well-priced homes in Scarsdale are attracting serious buyers quickly.

Buyers entering this market should be prepared for competitive conditions, as the median sale price of $1,985,000 runs substantially above the median list price of $1,670,000. With homes spending a median of just 13 days on market, arriving with financing pre-approved and a ready offer is essential to securing a home.

The Scarsdale rental market shows meaningful income potential, with a median rent of $5,850 per month supported by a limited rental inventory of just 67 units. Investors can target tiered income opportunities across bedroom sizes, from $4,400 per month for a 2-bedroom to $7,000 per month for a 3-bedroom, within a constrained rental pool.

The current 30-year fixed mortgage rate of 6.37% represents a significant financing consideration when purchasing at Scarsdale's median sale price of $1,985,000. Buyers who qualify for the 15-year fixed rate of 5.72% will realize meaningful interest savings over the life of the loan, though the higher monthly payments require careful budgeting.