Is Westchester County, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westchester County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Westchester County has remained a Seller's Market.

Key Takeaway

Westchester County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Westchester County, NY

How much do homes in Westchester County, NY cost?

Median Sold Price

$737,485

$390/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$80,261(+12.2%)

Key Takeaway

Homes in Westchester County have sold for 12.2% more than they did a year ago.

Summary: The median home sold price in Westchester County was $737,485 in November 2024, up 12.2% from last year, and the median price per square foot was $390.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $185.2K$201.1K
+8.5%
2 $414.9K$460.6K
+11.0%
3 $679K$750.1K
+10.5%
4 $947.6K$1.0M
+7.0%
5+ $1.2M$1.4M
+17.8%

Summary: Westchester County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 17.8%.

Median Sold Price Compared To Nearby Counties

Westchester County
+12.2%
Rockland County
+10.1%
Bergen County
+8.8%
Fairfield County
+8.5%
Bronx County
+7.4%

Housing Supply in Westchester County, NY

How many homes are available in Westchester County, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3,2632,456-24.7%

Summary: The Westchester County real estate market had 2,456 homes for sale in November 2024, a 24.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 537422
-21.4%
2 666514
-22.8%
3 795555
-30.2%
4 651457
-29.8%
5+ 614508
-17.3%

Summary: The Westchester County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 21.4%, 2 bedroom homes decreased by 22.8%, 3 bedroom homes decreased by 30.2%, 4 bedroom homes decreased by 29.8%, and 5+ bedroom homes decreased by 17.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
641528-17.6%

Asking Price vs. Sold Price

184 Homes Were Sold
Under Asking

76 Homes Were Sold
At Asking

268 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westchester County, you could pay more than the asking price. 50.8% of homes here sold above asking price last month.

Summary: A total of 528 homes were sold or pending in Westchester County in November 2024, down by 17.6% month-over-month. Of the 528 sold homes, 35% were sold under asking, 14% were sold at asking, and 51% 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

Nov 2023Nov 2024CHANGE
47 Days41 Days-11.7%

Summary: Homes in Westchester County had an average of 41 days on market in Nov 2024, down by 11.7% compared to last year.

Breakdown of Home Sale Times

282 Homes Were Sold
Under 30 Days

183 Homes Were Sold
In 30 - 90 Days

59 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Westchester County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 528 homes were sold in Westchester County; 53% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Westchester County, NY

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