Quantcast

Westchester Reporter

Sunday, December 22, 2024

Westchester County home valuations rose in Q3 2023

Re 14

The median sale price of a home sold in the third quarter of 2023 in Westchester County rose by $22,000, while total sales decreased by 26.9%, according to BlockShopper.com.

From July through September of 2023, 957 homes were sold in the county, with sale prices around $732,000. This is a 3.1% increase over the $710,000 median sale price during the same period in 2022, when there were 1,309 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 July 2022 to September 2023.

Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023$710,000$710,000$666,000$666,000$650,000$650,000$700,000$700,000$732,000$732,000

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