Rye City School District Housing Market Shows Resilience in November

The single-family home market in the Rye City School District demonstrated continued strength and competitiveness in November 2025, despite fewer transactions, according to a recent market update from Thomas Roberts of William Raveis Real Estate.

Only three homes sold during the month, marking a 62.5 percent decline from November 2024. However, the median sale price rose sharply to $2,320,000, a 27.1 percent increase year-over-year. The median price per square foot edged up 1.5 percent to $893.

Homes took significantly longer to sell, averaging 210 days on market, a 1,650 percent jump from the previous year. Inventory fell 34.8 percent to 15 active homes, while months of supply decreased 9.7 percent to 1.82.

Other metrics highlighted robust demand, with 67 percent of homes selling within 90 days and 67 percent closing at or above 95 percent of list price.

These figures point to a persistent seller’s market in the Rye City School District, driven by low supply and steady demand for properties tied to top-rated schools and desirable amenities.

Thomas Roberts, a realtor with William Raveis Real Estate who regularly publishes market updates on The Homepreneur Chronicles blog, described the area as exceptionally competitive with low inventory placing upward pressure on pricing.

For sellers, the conditions remain favorable. With months of supply at 1.82 and most properties closing near or above list price, well-priced homes continue to attract motivated buyers amid strong underlying demand.

Buyers face a challenging environment with limited options and sellers holding firm on pricing. However, the market represents a strong long-term investment for those prioritizing premier schools and coastal living, though acting decisively is key in this low-inventory setting.

This article was drafted with the aid of Grok, an AI tool by xAI, under the direction and editing of Robert Cox to ensure accuracy and adherence to journalistic standards.