Westchester Housing Market Update: Spring 2026
Westchester Housing Market Spring 2026: Home Prices Keep Climbing Despite Low Inventory
Every spring, I get the same question from buyers:
"Is the market finally slowing down?"
Based on what I'm seeing across Westchester County, the answer is no.
The latest numbers from OneKey MLS show that the median sale price for a single-family home in Westchester reached $997,500 in April, putting us right on the doorstep of the $1 million mark. At the same time, inventory dropped more than 14% compared to this time last year, leaving buyers with even fewer options than they had heading into the 2025 spring market.
If you've been actively searching for a home, none of this should come as a surprise.
The biggest challenge buyers are facing right now isn't mortgage rates. It's finding a home to buy.
Inventory Remains the Biggest Story
While new listings were up slightly in April, the overall number of homes available for sale continues to shrink. That's because new inventory is being absorbed almost as quickly as it hits the market.
I'm seeing this play out throughout Westchester. Whether it's White Plains, Harrison, Mamaroneck, Rye, Eastchester, or Scarsdale, well-priced homes are still generating significant interest. In many cases, buyers are touring properties the first weekend they're available and submitting offers shortly after.
The result is a market where buyers often find themselves competing for the same handful of homes.
That's also why we're continuing to see strong prices. Sellers received an average of 104.5% of their original asking price in April, a clear sign that demand remains strong despite higher borrowing costs.
Buyers Have Adjusted to Today's Market
A year or two ago, many buyers were sitting on the sidelines waiting for mortgage rates to come down. Today, most have realized life doesn't always wait for the perfect interest rate.
People are still getting married, growing their families, relocating for work, downsizing, and making lifestyle changes. Those needs don't disappear because rates are higher than they were a few years ago.
What I'm seeing is a more informed buyer. Buyers are paying attention to monthly payments, shopping around for financing, and moving quickly when the right opportunity presents itself.
The buyers who are prepared tend to have the most success.
Not Every Home Is Flying Off the Shelf
One misconception I hear is that every home sells immediately with multiple offers.
That's simply not true.
The homes attracting the most attention are typically the ones that are priced appropriately and show well. Updated kitchens, modern mechanicals, fresh paint, and move-in-ready condition continue to command a premium.
On the other hand, homes that need significant updating or are priced aggressively are seeing fewer buyers through the door and spending more time on the market.
Even in a strong market, presentation and pricing still matter.
What This Means for Sellers
If you've been thinking about selling, current conditions remain favorable.
Inventory is low, buyer demand remains healthy, and home values continue to trend upward. The rolling 12-month median sale price for single-family homes in Westchester now sits at $999,000, up more than 5% from a year ago.
That doesn't mean sellers can name any price they want, but it does mean properly prepared homes have an opportunity to generate strong interest.
The sellers who are seeing the best results are the ones who take the time to prepare their homes, price strategically, and enter the market with a clear plan.
Looking Ahead
Could inventory improve as we move further into the spring and summer? Absolutely.
Will it be enough to dramatically shift the balance of power away from sellers? At least for now, the numbers suggest otherwise.
Westchester remains a highly desirable place to live, and demand continues to outpace supply in many communities throughout the county.
For buyers, that means being prepared and acting decisively when the right home comes along. For sellers, it means understanding that while conditions remain favorable, strategy still matters.
As always, every town, neighborhood, and price point behaves a little differently. If you're curious about what's happening in your specific market or wondering what your home might be worth in today's environment, feel free to reach out. I'm always happy to talk real estate.
