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Westchester County Real Estate Market Report: August 2026

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Westchester County Real Estate Market Report: August 2026

Westchester County Real Estate Market Report: August 2026

Westchester County, Q2 2026

$1,240,000
SF Median, +15.3%
1,075
SF Sales, -7.8%
$575,000
Condo Median, +7.7%
$235,000
Co-op Median, +6.8%

The Headline: Prices Up, Volume Down

This is the August 2026 edition, reporting second-quarter 2026 data, the most recent complete quarter available at publication.

Every residential category in Westchester County posted price gains in Q2 2026. Single-family homes led at 15.3 percent year over year. Volume moved the other way in the single-family and co-op segments.

Houlihan Lawrence, which published the underlying report on July 13, 2026, characterised the market as gradually becoming more balanced, with buyers benefiting from increased selection while sellers who price strategically and present their homes well continue to achieve strong results.

Single-Family Homes

MetricQ2 2026Q2 2025Change
Median sale price$1,240,000$1,075,000Up 15.3%
Units sold1,0751,159Down 7.8%

Source: Houlihan Lawrence Q2 2026 market report, published July 13, 2026.

What a 15.3 Percent Gain on 7.8 Percent Fewer Sales Actually Means

Two readings are possible and both are partly true. Fewer transactions can shift the mix toward higher-priced homes, lifting the median without every individual house appreciating by 15 percent. And genuine price strength in a supply-constrained market lifts values for real. What the combination does not mean is that any specific home has gained 15.3 percent in a year. Treat the county median as market context, not as a valuation.

Condominiums and Co-ops

SegmentMedian, Q2 2026Median, Q2 2025ChangeUnits Sold
Condominium$575,000$534,000Up 7.7%341, up from 329
Co-op$235,000$220,000Up 6.8%379, down from 405

Source: Houlihan Lawrence Q2 2026 market report, published July 13, 2026.

Condominiums were the only segment to post gains in both price and volume, rising 7.7 percent on 341 sales against 329 a year earlier. Co-ops rose 6.8 percent on slightly reduced volume.

The practical point for buyers: at a $235,000 co-op median and a $575,000 condominium median against a $1,240,000 single-family median, the attached market remains the most accessible route into Westchester and the one buyers focused exclusively on houses never evaluate.

Village-Level Context

County figures describe a county. Westchester’s individual communities sit far apart from one another and from the county median.

CommunitySingle-Family MedianPrice Per Sq FtTo Grand Central
Bronxville~$3,000,000~$752About 35 min, Harlem Line
Scarsdale~$2,500,000~$59633 to 35 min, Harlem Line
Rye~$2,200,000~$84038 to 45 min, New Haven Line
Westchester County$1,240,000 (Q2 2026)VariesVaries

Village-level medians and price per square foot from The Francie Malina Team’s Westchester village analysis. County figure from Houlihan Lawrence Q2 2026. Commute times from Metro-North schedules.

Never Read a Blended Village Median as the Price of a House

In villages with substantial co-op inventory, Bronxville above all, a median calculated across all property types blends co-ops in and produces a figure far below the single-family median. Bronxville’s single-family median is around $3.0 million; all-property-types trackers can show it under $600,000. Both are real numbers measuring different things, and confusing them is the single most common error made about the Westchester market.

If You Are Selling

  • Pricing power is real but not automatic. The 15.3 percent median gain describes the market, not your house. Price to your community, your product type and your condition.
  • Volume is down 7.8 percent in single-family. Fewer buyers are transacting, so the ones who are have more choice.
  • Presentation is doing real work. The market rewards homes that are priced strategically and presented well, and it is noticeably less forgiving of those that are not.
  • Condominium sellers are in the strongest segment, the only one with both price and volume rising.
  • Remember New York’s process. An accepted offer binds nobody until contracts are executed, roughly 7 to 10 days later. Keep the property active until then.

If You Are Buying

  • Selection has improved. The market is described as moving toward balance, and lower transaction volume means less competition on any given property than at the peak.
  • Prices have not fallen. Every segment posted gains. Do not wait for a correction the data does not show.
  • Look at attached product. A $235,000 co-op median and a $575,000 condominium median against a $1,240,000 single-family median is a genuine alternative, especially in walkable villages.
  • Model the tax bill before setting your budget. Westchester carries one of the highest median single-family property tax bills in the United States at approximately $14,670, and premium districts run far above it.
  • Retain a New York real estate attorney before you tour. Attorney review runs 7 to 10 days after acceptance and that window is where unprepared buyers lose houses.
  • Budget the contract deposit, typically 5 to 20 percent, delivered at contract signing rather than closing.

How to Read This Report

Capture Conditions and Limitations

County figures are from the Houlihan Lawrence Q2 2026 report published July 13, 2026, covering the second quarter, the most recent complete quarter at publication. County medians describe the whole county and individual communities vary widely around them. Village-level medians and price per square foot are single-family only and are drawn from The Francie Malina Team’s own market analysis, covering 2025 unless otherwise noted, so they are not directly comparable period-for-period with the Q2 2026 county figures. A median describes a market and never a home. For a valuation on a specific property, ask us.

Frequently Asked Questions

What is the median home price in Westchester County?

The Westchester County single-family median sale price was $1,240,000 in the second quarter of 2026, up 15.3 percent from $1,075,000 in Q2 2025, according to Houlihan Lawrence’s report published July 13, 2026. The condominium median was $575,000, up 7.7 percent, and the co-op median $235,000, up 6.8 percent. Individual communities vary widely around the county figure, with Bronxville’s single-family median around $3.0 million, Scarsdale’s around $2.5 million and Rye’s around $2.2 million.

Are Westchester home prices going up in 2026?

Yes, across every residential category. In Q2 2026 the single-family median rose 15.3 percent year over year to $1,240,000, condominiums rose 7.7 percent to $575,000, and co-ops rose 6.8 percent to $235,000. Volume moved differently by segment: single-family sales fell 7.8 percent to 1,075 and co-op sales eased to 379, while condominium sales rose to 341. Prices rising on lower single-family volume indicates the homes that do transact are transacting well.

Is it a buyer’s or seller’s market in Westchester right now?

It is moving toward balance from a seller’s market. Houlihan Lawrence characterised the Q2 2026 market as gradually becoming more balanced, with buyers benefiting from increased selection while sellers who price strategically and present well continue to achieve strong results. Single-family sales volume fell 7.8 percent year over year, which means less competition on any given property, but median prices still rose 15.3 percent, so buyers should not expect broad discounts.

Why did Westchester single-family sales fall while prices rose?

Single-family sales fell 7.8 percent to 1,075 in Q2 2026 while the median rose 15.3 percent to $1,240,000. Two effects contribute. Fewer transactions can shift the mix toward higher-priced homes, lifting the median without every individual property appreciating at that rate. And genuine price strength in a supply-constrained market raises values in reality. Both are partly true, which is why a county median should be read as market context rather than as a valuation of any specific home.

What is the cheapest way to buy into Westchester?

The attached market. The Westchester co-op median was $235,000 in Q2 2026 and the condominium median $575,000, against a single-family median of $1,240,000. Bronxville, one of the county’s most expensive villages at a roughly $3.0 million single-family median, has co-op entry points around $300,000. Buyers focused exclusively on single-family homes routinely overlook this, and in a walkable village a co-op close to the station can deliver more of what a household wanted than a house much further out.

How much are property taxes in Westchester?

Westchester County carries one of the highest median single-family property tax bills in the United States at approximately $14,670, and the premium school districts run well above that. Scarsdale, for example, has a median effective property tax rate of approximately 1.97 percent applied to a single-family median around $2.5 million. The school tax is the largest component of a Westchester bill, and buyers should model the actual dollar figure for a specific property before setting a purchase budget.

Which Westchester segment is performing best?

Condominiums were the only segment to post gains in both price and volume in Q2 2026, with the median rising 7.7 percent to $575,000 on 341 sales against 329 a year earlier. Single-family homes posted the largest price gain at 15.3 percent to a $1,240,000 median but on 7.8 percent fewer sales. Co-ops rose 6.8 percent to $235,000 on slightly reduced volume of 379 sales, down from 405.

How long does it take to buy a home in Westchester?

Plan on roughly 60 to 90 days from accepted offer to closing. New York is an attorney state, so both buyer and seller retain attorneys, and attorney review plus contract drafting typically takes 7 to 10 days after an offer is accepted. Mortgage commitments are generally due within 30 to 45 days of contract. Importantly, an accepted offer binds neither party until contracts are fully executed and the deposit delivered, so buyers should keep looking during the review window.

Should I sell my Westchester home now?

Conditions remain favourable for well-prepared sellers. Median prices rose across every segment in Q2 2026, and lower single-family transaction volume means fewer competing listings. The qualifier matters: the market rewards homes that are priced strategically and presented well and is less forgiving of those that are not, so the 15.3 percent county median gain should not be read as licence to price aggressively. Pricing should be set against your specific community, product type and condition.

Where can I get a valuation on my specific Westchester home?

County and village medians provide context but cannot value an individual property, since Westchester communities sit far apart from one another and from the county figure, and condition and product type drive much of the remaining difference. The Francie Malina Team prepares property-specific valuations using current comparable sales for the relevant community and product type, which is the only sound basis for setting a listing price in a market where pricing discipline is being rewarded and overpricing is not.

Get the Number That Applies to Your Home

The Francie Malina Team has sold more homes in Westchester County than any other team since 2021. Community-level and product-level analysis, not a county headline.

Contact The Francie Malina Team