FULL YEAR 2024
FULL YEAR 2024 MARKET REPORT
EXECUTIVE SUMMARY
As we close out 2024, we are inspired by the overwhelming demand from buyers eager to settle into the vibrant markets we serve north of New York City. This year has been marked by significant market dynamics that underscore the appeal and resilience of our region's real estate.
Inventory levels continued to decline across most of our markets, contributing to a competitive landscape for buyers. This scarcity of homes for sale has driven median prices upward, with increases ranging from 2% to 22%. While these conditions have posed challenges for buyers, sellers have undeniably benefited from heightened demand and rising home values. Throughout 2024, the supply-to-demand ratio remained exceptionally high across many price points. However, the fourth quarter has shown early signs of certain markets beginning to shift toward a more balanced demand, particularly at the higher luxury price points.
The luxury segment has been a standout performer this year. In Westchester County, sales of homes priced over $2 million saw a remarkable 28% increase, while Putnam and Dutchess Counties experienced a 66% surge in sales of homes priced over $1 million. This robust growth in the luxury market reflects continued interest from buyers seeking premium properties in our region.
The outlook for 2025 remains positive, with home sales and prices expected to grow at a more sustainable pace. Moderating mortgage rates may help create a more normalized market environment, potentially easing conditions for buyers while maintaining opportunities for sellers.
As we reflect on the year, we extend our deepest gratitude to our clients and friends for your unwavering support and trust throughout 2024. It has been our privilege to serve your real estate needs, and we look forward to continuing to assist you in the year ahead. Wishing you and your families a happy, healthy, and prosperous 2025.
With Warm Regards,
Liz Nunan President and CEO
PUT THE POWER OF NUMBER ONE TO WORK FOR YOU. PROUDLY CLOSED
$6.8 BILLION IN SALES AND REPRESENTED 5,500+ BUYERS AND SELLERS IN 2024
WESTCHESTER COUNTY
SingleFamilyHomeOverview
NEW YORK CITY GATEWAY
MountVernon,NewRochelle,Pelham,Yonkers
LOWER WESTCHESTER
Bronxville,Eastchester,Edgemont,Scarsdale, Tuckahoe
THE RIVERTOWNS
Ardsley,BriarcliffManor,DobbsFerry,Elmsford, Hastings,Irvington,MountPleasant,Ossining, Pleasantville,PocanticoHills,Tarrytown
GREATER WHITE PLAINS
Greenburgh,Valhalla,WhitePlains
THE SOUND SHORE
BlindBrook,Harrison,Mamaroneck,Port Chester,RyeCity,RyeNeck
TABLE OF CONTENTS
FOURTH QUARTER 2024
NORTHERN WESTCHESTER
Bedford,ByramHills,Chappaqua,KatonahLewisboro,NorthSalem,Somers
NORTHWEST WESTCHESTER
Croton-Harmon,HendrickHudson,Lakeland, Peekskill,Yorktown
WESTCHESTER COUNTY
CondominiumOverview
WESTCHESTER COUNTY
Co-OperativeOverview
PUTNAM COUNTY
Brewster,Carmel,Garrison,Haldane,Mahopac, PutnamValley
PUTNAM COUNTY
CondominiumOverview
DUTCHESS COUNTY
SingleFamilyHomeOverview
SOUTHEAST DUTCHESS
Beekman,Dover,Pawling,UnionVale
SOUTHWEST DUTCHESS
Beacon,EastFishkill,Fishkill,LaGrange, Poughkeepsie,Poughkeepsie/City,Wappinger
NORTHEAST DUTCHESS
Amenia,NorthEast,PinePlains,Stanford, Washington
NORTHWEST DUTCHESS
Clinton,HydePark,Milan,PleasantValley,Red Hook,Rhinebeck
DUTCHESS COUNTY
CondominiumOverview
WESTCHESTER COUNTY
SINGLE FAMILY HOMES
QUARTERLY MARKET OVERVIEW
SUPPLY DEMAND ANALYSIS
*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand TEN-YEAR MARKET HISTORY
Source: Onekey MLS, SINGLE FAMILY HOMES
NEW YORK CITY GATEWAY
NEW YORK CITY GATEWAY
SINGLE FAMILY HOMES
MOUNT VERNON, NEW ROCHELLE, PELHAM, YONKERS
Click on a School district to obtain the latest monthly market report.
SUPPLY DEMAND ANALYSIS AS OF DECEMBER 31, 2024
31, 2023
MARKET HISTORY
LOWER WESTCHESTER
SINGLE FAMILY HOMES
MEDIAN SALE PRICE
Source: Onekey MLS, Single-family homes, Zone 6
LOWER WESTCHESTER
SINGLE FAMILY HOMES
BRONXVILLE, EASTCHESTER, EDGEMONT, SCARSDALE, TUCKAHOE
Click on a School district to obtain the latest monthly market report.
SUPPLY DEMAND ANALYSIS
AS OF DECEMBER 31, 2024
31, 2023
THE RIVERTOWNS
SINGLE FAMILY HOMES
HOMES SOLD
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 DECEMBER 31, 2024
31, 2023
MARKET HISTORY
GREATER WHITE PLAINS
Source: Onekey MLS, Single-family homes, Zone 4
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 DECEMBER 31, 2024 AS OF DECEMBER 31, 2023
TEN-YEAR MARKET HISTORY
THE SOUND SHORE
SINGLE FAMILY HOMES
HOMES
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 DECEMBER 31, 2024
31, 2023
MARKET HISTORY
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 DECEMBER 31, 2024
31, 2023
MARKET HISTORY
NORTHWEST WESTCHESTER
SINGLE FAMILY HOMES
HOMES
SOLD
CLICK ON A SCHOOL DISTRICT FOR THE LATEST MONTHLY MARKET REPORT. CROTON–HARMON
MEDIAN SALE PRICE
Source: Onekey MLS, Single-family homes, Zone 1
NORTHWEST WESTCHESTER
SINGLE FAMILY HOMES
CROTON–HARMON, HENDRICK HUDSON, LAKELAND, PEEKSKILL, YORKTOWN
Click on a School district to obtain the latest monthly market report.
SUPPLY DEMAND ANALYSIS
OF DECEMBER 31, 2024
31, 2023
MARKET HISTORY
WESTCHESTER COUNTY CONDOMINIUMS
QUARTERLY MARKET OVERVIEW
SUPPLY DEMAND ANALYSIS
Demand Ratio Key 1-4:
Source: Onekey MLS, Condominiums
WESTCHESTER COUNTY
QUARTERLY MARKET OVERVIEW
SUPPLY DEMAND ANALYSIS
PUTNAM COUNTY
SINGLE FAMILY HOMES
HOMES
PUTNAM COUNTY
SINGLE FAMILY HOMES
BREWSTER, CARMEL, GARRISON, HALDANE, LAKELAND, MAHOPAC, PUTNAM VALLEY Click on a School district to obtain the latest monthly market report.
SUPPLY
DEMAND ANALYSIS
OF DECEMBER 31, 2024
31, 2023
MARKET HISTORY
PUTNAM COUNTY CONDOMINIUMS
QUARTERLY MARKET OVERVIEW
SUPPLY DEMAND ANALYSIS
Source: Onekey MLS, Condominiums
DUTCHESS COUNTY
SINGLE FAMILY HOMES
QUARTERLY MARKET OVERVIEW
SUPPLY DEMAND ANALYSIS
SOUTHWEST DUTCHESS
SINGLE FAMILY HOMES
HOMES
SOUTHWEST DUTCHESS
SINGLE FAMILY HOMES
BEACON, EAST FISHKILL, FISHKILL, LA GRANGE, POUGHKEEPSIE TWP, POUGHKEEPSIE CITY, WAPPINGER
Click to obtain a specific town/city monthly market report.
SUPPLY DEMAND ANALYSIS
OF DECEMBER 31, 2024
MARKET HISTORY
SOUTHEAST DUTCHESS
SINGLE FAMILY HOMES
Source: Onekey MLS.
CLICK TO OBTAIN A SPECIFIC TOWN/CITY MONTHLY MARKET REPORT.
SOUTHEAST DUTCHESS
SINGLE FAMILY HOMES
BEEKMAN, DOVER, PAWLING, UNION VALE
Click to obtain a specific town/city monthly market report.
SUPPLY
DEMAND
ANALYSIS AS OF DECEMBER 31, 2024 AS OF DECEMBER 31, 2023
TEN-YEAR MARKET HISTORY
NORTHWEST DUTCHESS
SINGLE FAMILY HOMES
HOMES SOLD
Source: Onekey MLS.
CLICK TO OBTAIN A SPECIFIC TOWN/CITY MONTHLY MARKET REPORT.
MEDIAN SALE PRICE
NORTHWEST DUTCHESS
SINGLE FAMILY HOMES
CLINTON, HYDE PARK, MILAN, PLEASANT VALLEY, RED HOOK, RHINEBECK
Click to obtain a specific town/city monthly market report.
SUPPLY DEMAND ANALYSIS AS OF DECEMBER 31, 2024
31, 2023
MARKET HISTORY
NORTHEAST DUTCHESS
SINGLE FAMILY HOMES
Source: Onekey MLS.
MEDIAN SALE PRICE
NORTHEAST DUTCHESS
SINGLE FAMILY HOMES
AMENIA, NORTH EAST, PINE PLAINS, STANFORD, WASHINGTON
Click to obtain a specific town/city monthly market report.
SUPPLY DEMAND ANALYSIS AS OF DECEMBER 31, 2024
31, 2023
MARKET HISTORY
DUTCHESS COUNTY
CONDOMINIUMS
QUARTERLY MARKET OVERVIEW
SUPPLY DEMAND ANALYSIS
