Houlihan Lawrence Q3-2025 Westchester Putnam Dutchess Market Report

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Q3-2025

Q3-2025 MARKET REPORT

EXECUTIVE SUMMARY

In the third quarter of 2025, the housing market in Westchester, Putnam, and Dutchess Counties remained resilient, with strong buyer demand, rising home prices, and stable supply-demand ratios across most segments.

In Westchester County, single-family home sales increased 9% year-over-year, with 1,617 homes sold this quarter. The average sale price rose nearly 3%, reflecting continued competition, particularly in the mid to upper price ranges. Homes sold at 104.6% of asking price on average, and price per square foot rose to $488. Supply-demand remained balanced overall, with notable demand growth in the $1M–$3M ranges.

Putnam County experienced a 20% increase in home sales and a 2% rise in median sale price to $610,000. Notably, school districts like Haldane and Lakeland posted significant price appreciation, up 43% and 41% respectively. The market remains highly competitive across most price points. Inventory decreased slightly yearover-year, while pending sales rose 25%, indicating sustained buyer interest into Q4.

Dutchess County saw a 6% decrease in Q3 home sales, likely due to constrained inventory in lower price ranges. However, prices continued to rise, with the average sale price up 4% to $625,092 and price per square foot up 11% to $293. Despite fewer transactions, the market remains tight, with homes selling at 101.2% of list price and a low average of 60 days on market.

Across all three counties, high demand and limited inventory continue to drive price growth and quick sales. The data suggests ongoing strength in the mid-tohigh-end markets, while entry-level buyers face increasing competition due to low supply. Strategic pricing, preparation, and timing remain critical for both buyers and sellers as we head into Q4.

With Warm Regards,

WESTCHESTER COUNTY

SingleFamilyHomeOverview

NEW YORK CITY GATEWAY

MountVernon,NewRochelle,Pelham,Yonkers

LOWER WESTCHESTER

Bronxville,Eastchester,Edgemont,Scarsdale, Tuckahoe

THE RIVERTOWNS

Ardsley,BriarcliffManor,DobbsFerry,Elmsford, Hastings,Irvington,MountPleasant,Ossining, Pleasantville,PocanticoHills,Tarrytown

GREATER WHITE PLAINS

Greenburgh,Valhalla,WhitePlains

THE SOUND SHORE

BlindBrook,Harrison,Mamaroneck,Port Chester,RyeCity,RyeNeck

TABLE OF CONTENTS

THIRD QUARTER2025

NORTHERN WESTCHESTER

Bedford,ByramHills,Chappaqua,KatonahLewisboro,NorthSalem,Somers

NORTHWEST WESTCHESTER

Croton-Harmon,HendrickHudson,Lakeland, Peekskill,Yorktown

WESTCHESTER COUNTY

CondominiumOverview

WESTCHESTER COUNTY

Co-OperativeOverview

PUTNAM COUNTY

Brewster,Carmel,Garrison,Haldane,Mahopac, PutnamValley

PUTNAM COUNTY

CondominiumOverview

DUTCHESS COUNTY

SingleFamilyHomeOverview

SOUTHEAST DUTCHESS

Beekman,Dover,Pawling,UnionVale

SOUTHWEST DUTCHESS

Beacon,EastFishkill,Fishkill,LaGrange, Poughkeepsie,Poughkeepsie/City,Wappinger

NORTHEAST DUTCHESS

Amenia,NorthEast,PinePlains,Stanford, Washington

NORTHWEST DUTCHESS

Clinton,HydePark,Milan,PleasantValley,Red Hook,Rhinebeck

DUTCHESS COUNTY

CondominiumOverview

WESTCHESTER COUNTY

SINGLE FAMILY HOMES

QUARTERLY MARKET OVERVIEW

SUPPLY DEMAND ANALYSIS

Source: Onekey MLS, SINGLE FAMILY HOMES

NEW YORK CITY GATEWAY

SINGLE FAMILY HOMES

NEW YORK CITY GATEWAY

SINGLE FAMILY HOMES

MOUNT VERNON, NEW ROCHELLE, PELHAM, YONKERS

Click on a School district to obtain the latest monthly market report.

SUPPLY DEMAND ANALYSIS

30, 2025

MARKET HISTORY

LOWER WESTCHESTER

SINGLE FAMILY HOMES

MEDIAN SALE PRICE

LOWER WESTCHESTER

SINGLE FAMILY HOMES

BRONXVILLE, EASTCHESTER, EDGEMONT, SCARSDALE, TUCKAHOE

Click on a School district to obtain the latest monthly market report.

SUPPLY DEMAND ANALYSIS

AS OF SEPTEMBER 30, 2025 AS OF SEPTEMBER 30, 2024

THE RIVERTOWNS

SINGLE FAMILY HOMES

HOMES SOLD

THE RIVERTOWNS

SINGLE FAMILY HOMES

ARDSLEY, BRIARCLIFF MANOR, DOBBS FERRY, ELMSFORD, HASTINGS, IRVINGTON, MOUNT PLEASANT OSSINING, PLEASANTVILLE, POCANTICO HILLS, TARRYTOWN Click on a School district to obtain the latest monthly market report.

SUPPLY DEMAND ANALYSIS

OF SEPTEMBER 30, 2025

30, 2024

Source: Onekey MLS, Single-family homes, Zone 3

GREATER WHITE PLAINS

Source: Onekey MLS, Single-family homes, Zone 4

GREATER WHITE PLAINS

SINGLE FAMILY HOMES

GREENBURGH, VALHALLA, WHITE PLAINS

Click on a School district to obtain the latest monthly market report.

SUPPLY DEMAND ANALYSIS AS OF SEPTEMBER 30, 2025 AS OF SEPTEMBER 30, 2024

MARKET HISTORY

THE SOUND SHORE

SINGLE FAMILY HOMES

HOMES SOLD

MEDIAN SALE PRICE

THE SOUND SHORE

SINGLE FAMILY HOMES

BLIND BROOK, HARRISON, MAMARONECK, PORT CHESTER, RYE CITY, RYE NECK Click on a School district to obtain the latest monthly market report.

SUPPLY DEMAND

ANALYSIS AS OF SEPTEMBER 30, 2025

30, 2024

NORTHERN WESTCHESTER

SINGLE FAMILY HOMES

HOMES SOLD

MEDIAN SALE PRICE

NORTHERN WESTCHESTER

SINGLE FAMILY HOMES

BEDFORD, BYRAM HILLS, CHAPPAQUA, KATONAH-LEWISBORO, NORTH SALEM, SOMERS

Click on a School district to obtain the latest monthly market report.

SUPPLY DEMAND ANALYSIS

AS OF SEPTEMBER 30, 2025

30,

MARKET HISTORY

NORTHWEST WESTCHESTER

SINGLE FAMILY HOMES

HOMES SOLD

CLICK ON A SCHOOL DISTRICT FOR THE LATEST MONTHLY MARKET REPORT. CROTON–HARMON

MEDIAN SALE PRICE

NORTHWEST WESTCHESTER

SINGLE FAMILY HOMES

CROTON–HARMON, HENDRICK HUDSON, LAKELAND, PEEKSKILL, YORKTOWN

Click on a School district to obtain the latest monthly market report.

SUPPLY DEMAND ANALYSIS AS OF SEPTEMBER 30, 2025

30, 2024

MARKET HISTORY

WESTCHESTER COUNTY CONDOMINIUMS

QUARTERLY MARKET OVERVIEW

SUPPLY DEMAND ANALYSIS

WESTCHESTER COUNTY

CO-OPERATIVES

QUARTERLY MARKET OVERVIEW

SUPPLY DEMAND ANALYSIS

PUTNAM COUNTY

SINGLE FAMILY HOMES

PUTNAM COUNTY

SINGLE FAMILY HOMES

BREWSTER, CARMEL, GARRISON, HALDANE, LAKELAND, MAHOPAC, PUTNAM VALLEY Click on a School district to obtain the latest monthly market report.

SUPPLY

DEMAND ANALYSIS

AS OF SEPTEMBER 30, 2025

30, 2024

MARKET HISTORY

PUTNAM COUNTY CONDOMINIUMS

QUARTERLY MARKET OVERVIEW

SUPPLY DEMAND ANALYSIS

DUTCHESS COUNTY

SINGLE FAMILY HOMES

QUARTERLY MARKET OVERVIEW

SUPPLY

DEMAND ANALYSIS AS

SOUTHWEST DUTCHESS

SINGLE FAMILY HOMES

SOUTHWEST DUTCHESS

SINGLE FAMILY HOMES

BEACON, EAST FISHKILL, FISHKILL, LA GRANGE, POUGHKEEPSIE TWP, POUGHKEEPSIE CITY, WAPPINGER

Click to obtain a specific town/city monthly market report.

SUPPLY DEMAND ANALYSIS

OF SEPTEMBER 30, 2025

MARKET HISTORY

SOUTHEAST DUTCHESS

SINGLE FAMILY HOMES

Source: Onekey MLS.

SOUTHEAST DUTCHESS

SINGLE FAMILY HOMES

BEEKMAN, DOVER, PAWLING, UNION VALE

Click to obtain a specific town/city monthly market report.

SUPPLY DEMAND ANALYSIS

AS OF SEPTEMBER 30, 2025

AS OF SEPTEMBER 30, 2024

MARKET HISTORY

NORTHWEST DUTCHESS

SINGLE FAMILY HOMES

Source: Onekey MLS.

TO OBTAIN A SPECIFIC TOWN/CITY MONTHLY MARKET REPORT.

NORTHWEST DUTCHESS

SINGLE FAMILY HOMES

CLINTON, HYDE PARK, MILAN, PLEASANT VALLEY, RED HOOK, RHINEBECK

Click to obtain a specific town/city monthly market report.

SUPPLY DEMAND ANALYSIS

AS OF SEPTEMBER 30, 2025

30, 2024

MARKET HISTORY

NORTHEAST DUTCHESS

SINGLE FAMILY HOMES

HOMES SOLD

Source: Onekey MLS.

TO OBTAIN A SPECIFIC TOWN/CITY MONTHLY MARKET REPORT.

MEDIAN SALE PRICE

NORTHEAST DUTCHESS

SINGLE FAMILY HOMES

AMENIA, NORTH EAST, PINE PLAINS, STANFORD, WASHINGTON

Click to obtain a specific town/city monthly market report.

SUPPLY DEMAND ANALYSIS AS OF SEPTEMBER 30, 2025

30, 2024

MARKET HISTORY

DUTCHESS COUNTY

CONDOMINIUMS

QUARTERLY MARKET OVERVIEW

SUPPLY DEMAND ANALYSIS

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Houlihan Lawrence Q3-2025 Westchester Putnam Dutchess Market Report by Houlihan Lawrence - Issuu