Recent data indicates that Westchester County’s housing market is experiencing significant growth in home values. The average home value in the county has risen by 6.9% over the past year, reaching $773,679. Homes are selling rapidly, with the median number of days on the market dropping to 27 days from 44 days last year. This indicates a highly competitive market where buyers must act swiftly to secure their desired properties.
“The Westchester County real estate market is thriving, and we are seeing a surge in home values and buyer interest,” said John Pontillo, Senior Real Estate Specialist (SRES) and realtor at RE/MAX Town & Country. “Buyers are eager to invest in properties here, and sellers are benefiting from the competitive market conditions.”
In May 2024 alone, 645 homes were sold, with 65% of them being sold within 30 days of listing. This swift turnover reflects strong buyer demand and the limited availability of homes for sale. Additionally, the market has seen a notable increase in home prices, with the median sale price for all home types reaching $670,000, up 17% from the previous year.
John Pontillo added, “For anyone considering selling their home, now is an ideal time. The current market conditions provide an excellent opportunity to achieve a favorable sale price.”
About RE/MAX Town & Country: RE/MAX Town & Country is a leading real estate firm in Westchester County, specializing in providing exceptional service to buyers and sellers. With a deep understanding of the local market and a commitment to client satisfaction, RE/MAX Town & Country is your trusted partner in all your real estate needs.