Are you curious about the latest trends and data in the Westchester real estate market? Dive into the Compass 2024 Year-in-Review Market Report for a comprehensive look at the key performance metrics, broken down by school districts and some postal areas (POs).
Westchester County Real Estate Market Overview: 2024 vs 2023
Here’s a snapshot of how the single-family home market in Westchester County performed in 2024, compared to 2023:
- -2.0% (Sales Transactions): A slight decrease in the number of sales transactions.
- +6.6% (Sales Volume): An increase in total sales volume.
- +8.8% (Median Price): The median home price in Westchester has seen strong growth, indicating continued demand for quality homes.
- +8.8% (Average Price): The average sale price has also risen.
- -9.3% (Average Days on Market): Homes are selling more quickly, a sign of continued buyer demand and competitive pricing.
What Does This Mean for Buyers and Sellers?
For Sellers: Even though transaction volume has slightly decreased, prices are still on the rise. This is a great time to list if you’re looking to take advantage of higher sale prices and the market’s demand for quality properties. The decline in Days on Market shows that buyers are still eager to find their next home.
For Buyers: While prices are up, Westchester County remains a desirable place to live, with many areas offering strong long-term value. The decreased transaction volume and slightly higher prices could mean less competition in some neighborhoods, giving you a chance to find the perfect home before the market heats up again.
Ready to Take the Next Step?
Whether you’re looking to buy or sell in the Westchester real estate market, Amie Pisano can help you navigate these trends. Data only tells part of the story—knowing the nuances of the local market is key, and that’s where I come in. Let’s chat about your real estate goals and how these trends impact your specific situation.
📧 Email: [email protected]
📞 Phone: 914-715-2632
Click Here for the Full Compass 2024 Year-in-Review Report
