Quantcast

Westchester Reporter

Saturday, November 2, 2024

Home prices in Westchester County increased in 2022

Re 6

The median sale price of a home sold in 2022 in Westchester County rose by $29,100, while total sales increased by 8.5%, according to BlockShopper.com.

Throughout 2022, 4,387 homes were sold in the county, with a median sale price of $679,100. This is a 4.5% increase over the $650,000 median sale price during the same period in 2021, when there were 4,045 homes sold.

The U.S. housing market has soared in recent years, with its total value nearing $50 trillion in 2024. This is almost five times greater than the market's value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in Westchester County from January 2021 to December 2022.

20212022$650,000$650,000$679,100$679,100

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS