The real estate market in Yorktown Heights, NY, presents a mixed landscape with significant fluctuations in price dynamics. The median sale price of homes has experienced a decline of 10.4% over the past year, settling at $540,000. Conversely, there has been a dramatic increase in the sale price per square foot, which has surged by 86% to $490. Despite the overall drop in home prices, homes are still selling for an average of 3.9% above the list price, indicating competitive bidding. Properties are spending an average of 22 days on the market, reflecting a relatively quick turnover. The average down payment made by homebuyers stands at 8.8%.

The real estate market in Yorktown Heights is highly competitive. Homes typically sell in just 22 days, with many properties receiving multiple offers, and some buyers even waiving contingencies to make their bids more attractive. On average, homes sell for approximately 4% above the list price and go pending within the same 22-day period. The most sought-after, or "hot," homes in the area tend to sell for around 9% above the listing price and can go pending in about 14 days, indicating a strong demand and a fast-moving market for prime properties.

Nationally, Yorktown Heights is attracting attention from homebuyers outside its metro area, with 3% of all searches coming from individuals looking to move there from different metropolitan regions. Notably, the majority of this interest is coming from Peoria, with Springfield and Lincoln following close behind. This trend indicates that Yorktown Heights is becoming an increasingly desirable location for those looking to relocate from other cities, highlighting its appeal beyond its immediate geographical area.