Are you interested in understanding the latest real estate market trends in Westchester County? If you're buying or selling in Westchester, staying informed about the market's performance is key. In Compass’ Q1 2025 Westchester Market Report, we break down the numbers by school districts and post offices (PO’s) to give you a clear picture of the current state of the Westchester real estate market.
Let’s dive into the most significant trends and data points for Q1 2025 compared to Q1 2024:
Westchester County Real Estate Market Overview: Q1 2025 (vs. Q1 2024)
- Sales Transactions: +9.0%
- Sales Volume: +14.3%
- Median Price: +4.1%
- Average Price: +4.9%
- Average Days on Market: +35.4%
Key Insights from the Q1 2025 Market Report
Sales Transactions on the Rise
There’s been a 9.0% increase in sales transactions across Westchester County compared to last year, signaling a healthy demand for homes in the area. Whether you're a first-time homebuyer or looking to upgrade to a larger property, this indicates a competitive yet active market.
Strong Sales Volume Growth
The 14.3% increase in sales volume demonstrates that Westchester real estate remains a sought-after investment. Higher sales volume reflects strong demand across multiple segments of the market, including single-family homes and luxury properties.
Price Appreciation Continues
Both median price and average price have seen a steady increase—4.1% and 4.9% respectively. This suggests a gradual appreciation in home values across Westchester, indicating that the market is still growing despite national shifts.
Homes Taking Longer to Sell
One of the key trends in Q1 2025 is the 35.4% increase in average days on market. Homes are taking longer to sell compared to last year, which might indicate that buyers are being more discriminating or waiting for the right home to come to market. For sellers, this means it may take a bit longer to sell, but understanding pricing strategies and market dynamics can help you navigate this trend successfully.
What Do These Trends Mean for You?
Whether you're buying or selling in Westchester County, understanding these numbers is crucial to making the best decision for your goals. Here's what these trends mean for you:
- For Buyers: With homes taking a bit longer to sell and prices appreciating, this is still a competitive market. Buyers should be strategic and ready to move quickly when the right property appears.
- For Sellers: The market remains strong, with price appreciation continuing. If you're thinking of selling, pricing your home correctly and understanding local demand will be key to a successful sale.
Get Expert Guidance on the Westchester Market from Amie Pisano
Data provides valuable insights, but it only tells part of the story. Understanding the nuances of the Westchester real estate market is just as important, and that's where I come in. As a local expert, I know the ins and outs of the area, including neighborhood dynamics, school districts, and unique trends specific to Westchester County.
Reach out to me today to discuss how these market trends can impact your specific real estate goals. Whether you’re looking to buy or sell, I’ll guide you every step of the way through the process.
📧 Email: [email protected]
📞 Phone: 914-715-2632
