The newly-released Houlihan Lawrence Full Year 2025 Luxury Market Report shows that the market remained strong during the year. The report cited sustained demand in the upper end of the residential market in Westchester, Putnam, Dutchess, and into Connecticut.
Release of the luxury sales report coincided with the release the Houlihan Lawrence Full Year 2025 Westchester-Putnam-Dutchess Market Report, which showed there also was substantial activity outside of the luxury segment.
In Westchester County, sales of luxury home priced at $2 million and above increased 17.5% year over year. Competitive conditions persisted throughout the year, with properties trading at an average of 102% of list price and an average time on the market of just 54 days. At the upper end of the market sales of homes priced at $5 million and above nearly doubled, underscoring continued confidence among top-tier buyers.
Putnam and Dutchess Counties also recorded robust luxury market performance. Sales of homes priced at $1 million and above rose 18.4%, while average days on the market declined.
Greenwich continued to distinguish itself as a premier luxury market. Full-year sales of homes priced at $3 million and above increased 15.6% and notably, transactions above $10 million more than doubled. In Darien and New Canaan, luxury sales priced at $2 million and above rose 47.9% and 26.7%, respectively. The highest sale price in Darien in the fourth quarter was $26,500,000. In Greenwich it was $40 million.
“Looking ahead to 2026, the outlook for the luxury market remains positive, with sales activity and pricing expected to continue their upward trajectory. We remain dedicated to guiding our clients with thoughtful insight, discretion, and unparalleled expertise at every stage of their real estate journey,” said Houlihan Lawrecne president and CEO Liz Nunan.
The report showed that despite limited inventory for much of the year, demand remained high, underscoring the region’s continued desirability.
In Westchester, Houlihan Lawrence recorded single-family home sales increasing 4.6% year over year to 4,624 transactions and the average sale price rising nearly 6% to $1,329,808. Houlihan found that homes sold at an average of 103.5% of the listing price.
There were 1,200 condos sold in Westchester during 2025 compared with 1,201 in 2024. The median sale price rose 5.9% for the year to $529,500. There were 1,587 co-ops sold during 2025 in Westchester, a 5.2% increase from the 1,508 units sold in 2024. The median sale price was up 8.8% at $225,000.
In Putnam County, total single-family home sales climbed 15% year over year to 814 transactions. Dutchess County progressed at a more measured pace, with single-family home sales declining modestly by 4.3% to 1,938 transactions. Despite the softer volume, the average sale price increased to $596,045.
