Is Westchester County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Westchester County has remained a Buyer's Market.
Key Takeaway
Westchester County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Westchester County, NY
How much do homes in Westchester County, NY cost?
Median Sold Price
$686,414
$364/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Westchester County have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Westchester County was $686,414 in April 2024, up 5.6% from last year, and the median price per square foot was $364.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184.9K | $193K | +4.4% |
| 2 Bedrooms | $398K | $430.1K | +8.1% |
| 3 Bedrooms | $671.7K | $699.5K | +4.1% |
| 4 Bedrooms | $917.5K | $982.5K | +7.1% |
| 5+ Bedrooms | $1.2M | $1.3M | +10.2% |
Summary: Westchester County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Counties
| Bergen County | $584.5K | $650K | +11.2% |
| Fairfield County | $537.9K | $579.8K | +7.8% |
| Westchester County | $650K | $686.4K | +5.6% |
| Rockland County | $585K | $614.5K | +5.0% |
Housing Supply in Westchester County, NY
How many homes are available in Westchester County, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3,304 | 3,895 | +17.9% |
Summary: The Westchester County real estate market had 3,895 homes for sale in April 2024, a 17.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 561 | 606 | +8.0% |
| 2 Bedrooms | 682 | 759 | +11.3% |
| 3 Bedrooms | 723 | 889 | +23.0% |
| 4 Bedrooms | 694 | 818 | +17.9% |
| 5+ Bedrooms | 644 | 823 | +27.8% |
Summary: The Westchester County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 23%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 27.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 404 | 536 | +32.7% |
Asking Price vs. Sold Price
187 Homes Were Sold
Under Asking
83 Homes Were Sold
At Asking
266 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westchester County, you could pay more than the asking price. 49.6% of homes here sold above asking price last month.
Summary: A total of 536 homes were sold or pending in Westchester County in April 2024, up by 32.7% month-over-month. Of the 536 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% were sold over asking.
Days on Market for Westchester County, NY
How long does it take to sell a home in Westchester County, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 67 Days | 45 Days | -31.7% |
Summary: Homes in Westchester County had an average of 45 days on market in Apr 2024, down by 31.7% compared to last year.
Breakdown of Home Sale Times
313 Homes Were Sold
Under 30 Days
143 Homes Were Sold
In 30 - 90 Days
77 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westchester County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 536 homes were sold in Westchester County; 58% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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