Houlihan Lawrence Q2-2024 Westchester Putnam Dutchess Market Report
Q2-2024
EXECUTIVE SUMMARY
The real estate market was marked by low inventory and rising property values during the second quarter of 2024. Demand continues to outpace supply, driving competitive bidding and notable increases in median sale prices.
The median sale price rose 14% in Westchester County, 13% in Putnam County, and 11% in Dutchess County compared to last year. The number of sales also increased in Westchester County, while Putnam and Dutchess saw a decline due to limited inventory. Seller reluctance to list, driven by a lack of inventory and hesitancy to trade their historically low interest rates, further fueled the listing shortage. Sellers remain firmly in the driver's seat, benefiting from favorable market conditions and the potential for significant returns on their investments. Proper pricing remains critical. Overinflated prices risk rejection from savvy buyers who prioritize value. Sellers are advised to strategically price properties to align with market realities and buyer expectations to achieve success.
As we enter the third quarter of 2024, Westchester, Putnam, and Dutchess Counties stand out as highly desirable destinations for buyers. Our communities offer natural beauty, diverse housing opportunities, and a pleasant quality of life.
Click on a School district to obtain the latest monthly market report.
SUPPLY DEMAND ANALYSIS
AS OF JUNE 30, 2024
OF JUNE 30, 2023
THE RIVERTOWNS
SINGLE FAMILY HOMES
HOMES SOLD
ARDSLEY BRIARCLIFF MANOR DOBBS FERRY ELMSFORD HASTINGS IRVINGTON MOUNT PLEASANT OSSINING
THE RIVERTOWNS
SINGLE FAMILY HOMES
ARDSLEY, BRIARCLIFF MANOR, DOBBS FERRY, ELMSFORD, HASTINGS, IRVINGTON, MOUNT PLEASANT OSSINING, PLEASANTVILLE, POCANTICO HILLS, TARRYTOWN Click on a School district to obtain the latest monthly market report.
SUPPLY DEMAND ANALYSIS
OF JUNE 30, 2024
JUNE 30, 2023
Source: Onekey MLS, Single-family homes, Zone 3
GREATER WHITE PLAINS
SINGLE FAMILY HOMES
GREATER WHITE PLAINS
SINGLE FAMILY HOMES
GREENBURGH, VALHALLA, WHITE PLAINS
Click on a School district to obtain the latest monthly market report.
SUPPLY
DEMAND
ANALYSIS AS OF JUNE 30, 2024 AS OF JUNE 30, 2023
MARKET HISTORY
THE SOUND SHORE
SINGLE FAMILY HOMES
HOMES SOLD
MEDIAN SALE PRICE
THE SOUND SHORE
SINGLE FAMILY HOMES
BLIND BROOK, HARRISON, MAMARONECK, PORT CHESTER, RYE CITY, RYE NECK Click on a School district to obtain the latest monthly market report.
SUPPLY DEMAND ANALYSIS
AS OF JUNE 30, 2024
OF JUNE 30, 2023
NORTHERN WESTCHESTER
SINGLE FAMILY HOMES
HOMES SOLD
MEDIAN SALE PRICE
NORTHERN WESTCHESTER
SINGLE FAMILY HOMES
BEDFORD, BYRAM HILLS, CHAPPAQUA, KATONAH-LEWISBORO, NORTH SALEM, SOMERS
Click on a School district to obtain the latest monthly market report.
SUPPLY DEMAND ANALYSIS
AS OF JUNE 30, 2024
OF JUNE 30, 2023
MARKET HISTORY
NORTHWEST WESTCHESTER
SINGLE FAMILY HOMES
HOMES
SOLD
CLICK ON A SCHOOL DISTRICT FOR THE LATEST MONTHLY MARKET REPORT.
