December 5, 2022

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Westchester-area home prices rise 6.3% in March, with houses for sale in high demand

A common Westchester County household listed for $505,000 in March, up 6.3% from a month earlier, an evaluation of information from Realtor.com demonstrates.

The median checklist household price in March was down about 12.5% from March 2021. Westchester County’s median home was 1,396 square toes for a listed rate of $322 for each sq. foot.

The Westchester County market place was active, with a median 38 days on industry. The market place added 1,084 new household listings in March, when compared with the 1,392 included in March 2021. The market ended the thirty day period with some 1,790 listings of homes for sale.

Facts on your regional housing current market is offered through the United states of america Right now Network, with extra details from Real estate agent.com.

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What had been Westchester-area home prices in March? This is a county-by-county breakdown

Rockland County’s house costs rose 11.3%, to a median $659,500, from a 12 months previously. The common household was on the market place for 28 days, from 45 days a year earlier. The regular 2,116-square-foot property had a list value of $295 for each square foot.

Putnam County’s house rates rose 2.1%, to a median $549,000, from a yr previously. The regular dwelling was on the marketplace for 31 days, from 60 days a year previously. The usual 2,241-square-foot dwelling experienced a list selling price of $251 for each square foot.

Across all of New York, median home selling prices were being $689,500, soaring 2.7% from a month earlier. The median New York home for sale experienced 1,484 sq. ft at checklist value of $484 for each square foot.

Throughout the United States, median house rates have been $404,950, up 3.2% from a thirty day period earlier. The median American property for sale had 1,800 square toes, detailed at $214 for every sq. foot.

The median dwelling listing rate — the midway stage of all the residences or units shown over a period of time — is made use of much more typically in this report alternatively of the normal house listing price due to the fact gurus say the median gives a more correct watch of what is going on in a sector. In acquiring the normal price, all prices of properties shown are included and then divided by the selection of properties offered. This evaluate can be skewed by 1 very low or high price tag.

The United states of america These days Community is publishing localized versions of this tale on its information web pages across the country, generated with details from Real estate agent.com. The story was created by Mike Stucka and Sean Lahman.

This article originally appeared on Rockland/Westchester Journal Information: Westchester-space homes for sale rise to $505,000 median value