Westchester County’s real estate market is booming in early 2025. Westchester County home prices have hit record highs, with rising values across all property types. As a result, buyers and sellers need to stay informed about these changes. Here’s a breakdown of the latest trends and median list prices to watch.
Single-Family Homes: Westchester County Home Prices at Record Highs
The median list price for single-family homes in Westchester County hit $1,080,000 in February 2025. This represents a 16.3% increase month-over-month. Additionally, active listings saw a rise, with a median list price of $1,150,000, up 5.5% from January 2025.
Meanwhile, the median sales price for single-family homes rose to $860,000, marking a 3.5% increase year-over-year. Over the past year, the rolling median sales price climbed 6.9% to $935,000. Clearly, Westchester County home prices continue to trend upward, making it an attractive market for sellers.
Westchester Real Estate: Condo Market Sees Major Growth
The Westchester County real estate market has seen major growth in the condo sector. Notably, the median sales price jumped 37.5% year-over-year to $565,000. Over the last year, condo prices increased 8.5%, reaching a rolling median of $510,000. This surge reflects increasing demand in the local market.
Co-Op Prices in Westchester County Remain Stable
Unlike condos, the co-op market remains steady. The median sales price rose 7.8% year-over-year to $215,000. Over 12 months, prices have grown 6%, reaching $211,000. When compared to single-family homes and condos, Westchester County home prices in the co-op sector remain relatively stable.
Westchester County Housing Market: Inventory & Market Conditions
Westchester County’s housing supply remains low. The inventory of single-family homes dropped 19.1% year-over-year. On the other hand, condo inventory increased 11.7%, while co-op listings fell 12%.
With limited supply, single-family homes now take 67 days to sell, up from 48 days last year. Nevertheless, sellers are still getting top dollar. Single-family homes close at 99.5% of the original list price, condos at 100.2%, and co-ops at 98.2%.
What This Means for Buyers and Sellers
For buyers, the Westchester County housing market remains competitive. Although prices are rising, longer days on market may provide more room for negotiation.
For sellers, now is a great time to list. Given the demand, homes are still selling close to their asking prices. Taking advantage of this market trend can be beneficial. Get your home value here: https://keithsimone.realscout.com/whats-my-home-worth
Conclusion
Westchester County home prices have reached an all-time high in 2025. Since median list prices now exceed $1 million, both buyers and sellers should stay informed. Whether buying, selling, or investing, understanding these trends will help navigate this competitive market successfully.
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