The housing market in Westchester, NY County is strong and prosperous. The median value of a house in the area is significantly higher than the national median, coming in at $691,600 compared to the US median of $338,100. Despite this high value, appreciation is still steady with an estimated 1 year increase of 7.70%, slightly lower than the national average of 8.27%. This indicates that Westchester's homes are holding their values well and continue to be desirable to potential buyers.
The median home cost in Westchester County is $691,600. Home appreciation the last 10 years has been 53.9%. Home Appreciation in Westchester County is up 9.3%.
Average Age of Homes
- The median age of Westchester County real estate is 61 years old
The Rental Market in Westchester County
- Renters make up 35.3% of the Westchester County population
- 1.0% of houses and apartments in Westchester County, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.