Westchester County Real Estate Market Update – 2025 Year in Review
If you were wondering whether Westchester’s real estate market was slowing down — the numbers tell a very different story.
Despite higher interest rates and national uncertainty, Westchester County finished 2025 stronger than it started, with rising prices, more sales, and continued buyer demand across nearly every price range.
Here’s what homeowners, buyers, and sellers should know.
Westchester Home Values Hit New Highs
Westchester home prices climbed sharply in 2025, driven by low inventory and steady demand.
The median sale price for a single-family home rose to $1,103,000, a 17% increase over 2024.
The average sale price increased to $1,309,716, up 6% year over year.
This means that many homeowners saw six-figure equity gains in just one year — especially in highly desirable school districts and neighborhoods near Metro-North.
More Homes Sold — Even With Fewer Listings
In a market with limited inventory, Westchester still managed to move more homes.
• 4,662 homes sold in 2025
• Up 6% from 2024
• Total sales volume: $6.1 billion (up 12%)
Even though inventory dropped to 426 homes by year-end (down 13%), buyers stayed active — and homes that were priced correctly continued to sell quickly.
This imbalance between demand and supply is what keeps prices rising.
Southern vs. Northern Westchester
The market performed well in both halves of the county — but in different ways.
Southern Westchester
• Median price: $1,188,000 (up 11%)
• Sales volume: Up 11%
• Inventory down 15%
Communities like Scarsdale, Rye, Pelham, Bronxville, Larchmont, and Mamaroneck continued to see strong competition, especially for turnkey homes under $2M.
Northern Westchester
• Sales up 12%
• Sales volume up 15%
• Inventory stable (one of the few areas that didn’t decline)
This tells us that more buyers are expanding their search north for better value, larger lots, and newer construction.
Luxury Market Leads the Growth
Some of the strongest growth in 2025 came from the upper end of the market.
Westchester County closed sales by price range:
• $1M–$2M: Up 15%
• $2M–$3M: Up 16%
• $3M–$5M: Up 19%
• $5M+: Up 88%
This confirms what we’ve been seeing on the ground — affluent buyers continue to move from NYC and Brooklyn into Westchester for space, schools, and lifestyle.
What This Means If You Own a Home
If you bought your home before 2023, you are likely sitting on significant equity.
With:
• Mortgage rates trending downward
• Buyer demand still strong
• Inventory near historic lows
Many homeowners have an ideal window to sell high and buy strategically before more competition enters the market.
What This Means If You’re Buying
While prices are higher, inventory is slowly improving and mortgage rates are coming down — creating better buying conditions than we saw in 2023 or early 2024.
Homes that are:
• Overpriced
• Poorly presented
• Or need major renovations
are now sitting longer — giving buyers more leverage than they had last year.
The Big Picture for 2026
Westchester enters 2026 with:
• Rising home values
• Strong buyer demand
• Improving interest rates
• Slowly increasing listings
That’s the foundation of a healthy, active market — and one that continues to favor well-prepared buyers and sellers.
