According to the May report on residential real estate in the Hudson Valley from the Hudson Gateway Association of Realtors (HGAR), Westchester remains a market dominated by sellers with single-family homes in short supply. In May, the single-family median sale price reached $999,000, up 2% from a year ago. There were 392 closed sales, up 7.7% from May of 2024. Homes were on the market an average of 30 days, a 16.7% drop from the number of days on the market a year ago.
HGAR CEO Lynda Fernandez said, “Sellers continue to benefit from tight inventory conditions, but buyers are adjusting by exploring more affordable areas or property types.”
The number of condominium sales in Westchester dropped by 14.3% in May 2025 compared with May 2024. There were 144 units sold, with the median sale price up 6% from a year ago at $529,750. Co-op sales in Westchester jumped by 21.1% to 207 units in May 2025 compared with May 2024. The median sale price was up 4.2% at $212.500.
Putnam saw single-family home prices rise to $595,000, up 4.6% from a year ago, but sales dropped by 18%. Condo prices fell by nearly 15%, with the number of sales plunging by nearly 60% to 10 condos sold. The median sale price was $318,000.
Rockland saw a slight dip in single-family prices, down 4% from May 2024. The median sale price was $750,000. Condo and co-op prices dropped 5% and 36% respectively, but the number of units changing hands went up 33% for condo sales while co-op sales surged 50%. There were 38 condo sales and five co-op sales .
Orange County continued to attract buyers looking for value in May. The median single-family price remained steady at $450,000, and sales rose by 2%. Condo prices rose 2%, though sales dropped nearly 55%. There were 46 condo sales with the median price at $315,000. There was one co-op sale at $220,000.
In Sullivan County, the median price for single-family homes climbed 7% to $342,500, while sales slipped by 6.5%.
HGAR said that May 2025 data showed that while inventory is starting to improve in some areas, prices remain elevated due to continued demand. Buyers should secure financing early and work closely with experienced REALTORS® to navigate the market and find the right opportunities. Sellers, meanwhile, should take advantage of strong pricing trends but ensure homes are well-prepared and competitively priced to stand out.
“Buyers are adapting to higher interest rates by looking at more affordable markets and property types,” Fernandez said. “Meanwhile, sellers are still benefiting from solid price growth.”
