Is Westchester County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$699,943
$370/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Westchester County have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Westchester County was $699,943 in June 2024, up 7.6% from last year, and the median price per square foot was $370.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $183.2K | $196.6K | +7.3% |
| 2 Bedrooms | $401K | $439.9K | +9.7% |
| 3 Bedrooms | $674.6K | $714.1K | +5.9% |
| 4 Bedrooms | $905.9K | $999.5K | +10.3% |
| 5+ Bedrooms | $1.2M | $1.4M | +15.8% |
Summary: Westchester County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 15.8%.
Median Sold Price Compared To Nearby Counties
| Bergen County | $590.2K | $660K | +11.8% |
| Fairfield County | $540.3K | $589.4K | +9.1% |
| Rockland County | $585.1K | $632K | +8.0% |
| Westchester County | $650.3K | $699.9K | +7.6% |
| Bronx County | $566.5K | $579.2K | +2.2% |
Housing Supply in Westchester County, NY
How many homes are available in Westchester County, NY?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 4,171 | 4,360 | +4.5% |
Summary: The Westchester County real estate market had 4,360 homes for sale in June 2024, a 4.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 601 | 614 | +2.2% |
| 2 Bedrooms | 799 | 816 | +2.1% |
| 3 Bedrooms | 965 | 996 | +3.2% |
| 4 Bedrooms | 918 | 976 | +6.3% |
| 5+ Bedrooms | 888 | 958 | +7.9% |
Summary: The Westchester County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 7.9%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 655 | 762 | +16.3% |
Asking Price vs. Sold Price
212 Homes Were Sold
Under Asking
109 Homes Were Sold
At Asking
441 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westchester County, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.
Summary: A total of 762 homes were sold or pending in Westchester County in June 2024, up by 16.3% month-over-month. Of the 762 sold homes, 28% were sold under asking, 14% were sold at asking, and 58% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 40 Days | 36 Days | -9.5% |
Summary: Homes in Westchester County had an average of 36 days on market in Jun 2024, down by 9.5% compared to last year.
Breakdown of Home Sale Times
524 Homes Were Sold
Under 30 Days
160 Homes Were Sold
In 30 - 90 Days
74 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 June 2024, 762 homes were sold in Westchester County; 69% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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Copyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.