how hot is the real estate market near westchester? home prices rise to $680K
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By Sean Lahman | Published on June 16, 2022
The median sales price for a single-family home in Westchester County during March was $680,000. That's an increase of 0.7% compared with March 2021, according to a USA TODAY Network localized analysis generated with data from Realtor.com.
On a year-over-year basis, prices have been rising for two consecutive months. March prices are down from $696,000 the previous month.
The number of houses sold fell by 15.2% from a year earlier. A total of 523 houses were sold countywide during the month of March. During the same period a year earlier, 617 single-family homes were sold.
Rockland County's median sales price for a single-family home was $566,500, up 10% from a year earlier. Prices have been rising for 22 consecutive months on a year-over-year basis. Some 254 houses were sold in March, down 9% from a year earlier.
Putnam County's median sales price for a single-family home was $460,000, up 26% from a year earlier. Prices have been rising for two consecutive months on a year-over-year basis. Some 84 houses were sold in March, down 43.6% from a year earlier.
Database:New York Real Estate Market Report
Real estate sales can take weeks or months to be recorded and collected. This is the latest data made available through Realtor.com to the USA TODAY Network.
Westchester County condominiums and townhomes sold in March had a median sales price of $430,000. That figure represents a 9.1% increase year over year. Some 190 were sold, up 40.7% from a year earlier.
How hot is Westchester County's real estate market in New York?
Information on your local housing markets is available through the USA TODAY Network, with more data from Realtor.com.
In Westchester County the top 10% of the properties sold had prices of at least $1,450,000, up 13.7% from a year before.
In March, 150 properties sold for at least $1 million, consisting of 125 single-family homes, 14 condominiums or townhomes and 11 other properties.
In Rockland County the top 10% of the properties sold had prices of at least $880,000, up 1.3% from a year before.
Home sales:Westchester-area home prices rise 12.5% in May, with houses for sale in high demand
Home prices:How hot is the real estate market near Westchester? Home prices rise to $696K
In Putnam County the top 10% of the properties sold had prices of at least $675,000, up 12.5% from a year before.
The median home sale price — the midway point of all the houses or units sold over a period of time — is used in this report instead of the average home sale price because experts say the median offers a more accurate view of what's happening in a market. In finding the average price, all prices of homes sold are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.