Westchester County Housing Market Report December 2024•Westchester County, New York

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Housing Prices in Westchester County, NY

How much do homes in Westchester County, NY cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Westchester County is a Seller's Market

Difference Since December 2023

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

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$738,805$392/SqFt
+$70,653
+10.6%

Based on all homes sold in the last 12 months

Insight

Homes in Westchester County have sold for 10.6% more than they did a year ago.

Summary: The median home sold price in Westchester County was $738,805 in December 2024, up 10.6% from last year, and the median price per square foot was $392.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Westchester County
+10.6%
Rockland County
+10.0%
Fairfield County
+8.4%
Bronx County
+7.1%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$187K$204.9K
+9.6%
2$419.5K$464.6K
+10.8%
3$686.8K$750.2K
+9.2%
4$950K$1.0M
+8.7%
5$1.2M$1.4M
+14.3%

Summary: Westchester County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +9.6%. The home price for 2 bedroom homes increased by +10.8%. The home price for 3 bedroom homes increased by +9.2%. The home price for 4 bedroom homes increased by +8.7%. The home price for 5 bedroom homes increased by +14.3%.

Housing supply in Westchester County, NY

How many homes are available in Westchester County, NY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
2,130Last MonthDec 2024
2,8552 months agoNov 2024
-25.4 %
Change MoMNov – Dec

Summary: The Westchester County real estate market had 2,130 homes for sale in Dec 2024, a 25.4 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
670Last MonthDec 2024
5362 months agoNov 2024
+25.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
1503406
-19.3%
2610459
-24.8%
3673463
-31.2%
4552403
-27.0%
5517399
-22.8%

Summary: Westchester County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -19.3%. The inventory for 2 bedroom homes decreased by -24.8%. The inventory for 3 bedroom homes decreased by -31.2%. The inventory for 4 bedroom homes decreased by -27.0%. The inventory for 5 bedroom homes decreased by -22.8%.

Asking Price vs. Sold Price

How much do homes in Westchester County, NY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price323 Homes

At Asking Price107 Homes

Under Asking Price240 Homes

Insight

If you're buying a home in Westchester County, you could pay more than the asking price. 48.2% of homes here sold above asking price last month.

Summary: A total of 670 homes were sold or pending in Westchester County in December 2024, up by 25.0% month-over-month. Of the 670 sold homes, 36% were sold under asking, 16% were sold at asking, and and 48% were sold over asking.

Days on Market for Westchester County, NY

How long does it take to sell a home in Westchester County, NY?

Breakdown of Home Sale Times

Under 30 Days267 Homes

30 – 90 Days265 Homes

Over 90 Days138 Homes

Insight

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

Summary: During December 2024, 670 homes were sold in Westchester County; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
57 DaysThis YearDec 2024
50 Days1 year agoDec 2023
+13.6 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Westchester County had an average listing age of 57 days in Dec 2024, up by 13.6% compared to the previous year.

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Newest Listings in Westchester County, NY

What homes are available in Westchester County, NY?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from OneKey MLS, New York State Alliance of MLS, and Columbia Greene Northern Dutchess Multiple Listing Service for the period 01/01/2023 - 01/01/2025

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/17/2025, 10:11:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXThe data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
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© 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/17/2025, 10:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Information should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Columbia Greene Northern Dutchess Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/17/2025, 10:16:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.