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What is the average house price in Westchester? 

Westchester County is located in the southern part of New York State. It’s one of the most desirable locations for people looking for a home, especially if they are working in New York City or want to be close to it. 

It has plenty of natural landscapes, diverse cultures, and plenty of educational opportunities. The real estate market in the area has grown in popularity in recent years (and for good reason). We’ll discuss what the average house prices are in Westchester in this guide. 

We’ll also cover anything else that you may need to know about the real estate market in the area. If living in Westchester County is something that interests you, keep reading. 

What is the Westchester County real estate market like? 

The Westchester County real estate market is thriving. As of right now, it has a median home value of $791,000 as of June 2024 according to OneKeyMLS data. This was a 9.1 percent increase from the previous year and higher than the national median home value of $725,000. 

The home value has increased due to the high demand for real estate in the area. Not to mention, there are several factors that make Westchester County an attractive location. The proximity to New York City is one of them. 

Another thing that makes Westchester County attractive is its accessibility. With a robust transportation network including highways, rails, and buses, it will be easy to get around, meaning you can take a trip to NYC or even neighboring New Jersey using local transit. 

Likewise, you can also access different cities in New York State via Amtrak. You can get around the entire country on Amtrak even via Westchester County (although New York City is often a hub to get you just about anywhere in the country). You will also be in close proximity to the three major airports in the NYC area (LaGuardia, JFK, and Newark). 

What is the average house price in Westchester? 

The average house price in Westchester will vary on several factors. The major factor is the location. The median price for a house in Yonkers is estimated at $490,000, as of June 2024. 

If you travel to neighboring towns such as Rye or Scarsdale, you’ll see the average house price increase dramatically. Scarsdale has a higher median home prices, close to $2.3 million, while Rye is close to $1.1 million. If you’re looking for a home that fits your price range, some towns may fit the profile while others may not. 

You may find the home of your dreams in White Plains if it fits your budget range. Even if you have to narrow your search area, you’re bound to find a place that you can call home. This includes plenty of high-end properties including luxury townhomes, sprawling estates, and historic homes. 

If you are looking for something more affordable, there’s always smaller single-family homes and apartments. 

What to consider before you buy a property in Westchester?

If you intend to buy a property in Westchester, there are plenty of factors to consider. Your most critical needs will be addressed. They vary from one buyer to another. 

Let’s take a look at the following factors below: 

Commute time 

If you are working in New York City or the surrounding area, this will be important. How much time would you use to commute to and from work? Even better question – what will you rely on for the commute in general. 

You have plenty of options for commuting including rail and bus. If you want to drive, that is also an option, although you will need to consider parking. Even though there are plenty of people that have eschewed the idea of commuting thanks to remote work – you might still want or need to commute yourself. 

Find a home where the average commute time suits you best. 

Budget

What is your desired price range? How much are you willing to spend on a home? This will whittle down plenty of options. 

It may also mean narrowing down your search area. You might be dead set on getting a home in New Rochelle, but your options in the city may be none in terms of affordability. But don’t lose hope. 

You can find a place that you’ll enjoy calling home, even if it’s not in your original intended location. Better yet, you may find a few hidden benefits (like a shorter commute time or being close to all the action downtown). 

Summary

The average house price in Westchester may be a bit higher than the national average. Yet, you can find one that may be on par with it. It all depends on where you find it. 

Remember, finding a home will be based on your critical needs and preferences, as well as your budget. Contact us today to help you find a place for you. 

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Why should you search for a home in Westchester County?

By Annie Newman

Westchester is actually one of the first suburban areas to be developed outside of New York City. It is located just north of New York and is quite accessible as the distance is a reasonable drive to the city. It is located in the Hudson valley and consists of cities, towns and villages. It is surrounded by beautiful nature, a peaceful environment and is a haven for New Yorkers who are looking for a more suburban type of lifestyle. It has notable residents and was once home to the former US President, Bill Clinton. Yonkers is the most populated city in that region and the entire county attracts residents from all over Manhattan who are looking for more spacious and livable homes.

Westchester as a first choice suburb of New York

The Westchester County is a central suburb in the greater New York City region and began its history as an attractive place for upper middle class families due to its proximity to the Big Apple. Its many roads and public transport services are an attractive factor for commuters especially in a city where traffic can sometimes become a significant obstacle. The southern area of Westchester is rapidly becoming densely populated and more city-like than other parts of the county. Upstate New York is also closely accessible from Westchester and is an attractive factor in choosing a home there for those who like to go to the countryside on a more regular basis. Aside from the villages and towns that are found there, the main populated cities are: Yonkers, New Rochelle, Mount Vernon, White Plains, Peekskill and Rye.

A suburb with economic influence 

Most suburbs in the United States consist of mostly residential properties but the Westchester area is so close in proximity to New York City, one of the financial capitals of the world, that it attracts many Fortune 500 companies. Buyers who purchase a home in Westchester can have close access to jobs that have high earning potential without having to necessarily commute all the way to Manhattan. Some of these major companies include MasterCard, PepsiCo, IBM and Universal American. It is a great advantage in a city like New York that is densely populated, expensive and deals with major traffic to have suburbs that also offer great business opportunities. Unlike Manhattan, one can buy a home in Westchester that is spacious, has a big garden, easy parking and more without the daily stresses of a bustling metropolis. Just like California has Silicon Valley, eastern New York State has Tech Valley. The Westchester homes for sale are worth the investment as they are located in a region that has growing business opportunities and the demand keeps growing.

A damn in Westchester county, during the fall with orange and brownish leaves starting to fall.

The Westchester county charm

Westchester has a lot of historic buildings and beautiful sceneries. It is a charming and wonderful place to own a home. The architecture of the houses is known to be beautiful, with wide spaces and plenty of greenery. The oldest building there was built in 1670. There are libraries, museums, cultural arts centers, and many parks and recreation areas. Scarsdale is one of the closest districts to New York City and offers a lot of business opportunities and cultural attractions. The area may be historic but it also includes many newly built homes and luxury apartments across Westchester.

The real estate market in Westchester

The real estate market in Westchester is growing and the median prices for homes are in the higher ranges. It offers many luxurious properties that are significantly more affordable than in Manhattan, where an apartment can cost as much as a large house in Westchester. There are many cities and towns to choose from and some homes are located in areas that are so quiet and retreated that they are not even considered part of any town. The residents there can enjoy a more private life and choose a dream home close to one of the most popular cities on earth. One particular home in Westchester had gone on the market for $100 million, which many U.S. suburbs could not offer because of location. Being in driving distance to Manhattan naturally raises the value of homes in a suburb such as Westchester. Westchester houses for sale include waterfront homes, mansions, castles, and restored historic buildings. The standard of life is considered one of the highest in the country. There are many hills and rivers that mix farm life, suburban life and city life due to its status as a New York City suburb. The county continues to move forward and attracts many people from across the East coast to its beautiful landscapes. For home buyers who like nature, they can purchase a home that is close to many nature activities such as hiking, biking, watersports, and outdoor recreation. It has much to offer for its residents during both the summer and winter seasons. It also offers a meaningful sense of community compared to the big city. Those who are looking for rural homes with a large property can find such houses in the area. Many people rarely expect to find so much farmland just north of a city with millions of people. Some New Yorkers who purchased a second home in Westchester made it their primary residence during the pandemic months when many businesses and schools were closed in New York City. For those who are looking for Westchester apartments instead of the responsibility of a big property, they can also find many choices in one of the more populated districts of the county. Westchester offers a wide array of choices for your needs.

BARNES Westchester is at your disposal to help you search for your dream home in Westchester thanks to a team of experts that is available to guide you in your real estate goals.

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