In the first quarter of 2026, the Westchester, Putnam, and Dutchess real estate markets demonstrated resilience despite mixed market conditions, according to the Houlihan Lawrence Q1 2026 Westchester-Putnam-Dutchess Market Report released April 6.
“While transaction volume softened in certain areas, pricing remained strong across all three counties, driven by ongoing inventory constraints and steady buyer demand,” said Liz Nunan, president and CEO of Houlihan Lawrence. “Inventory remains tight overall, though trends vary by price segment. Looking ahead, the market is expected to remain competitive. Without a meaningful increase in supply, prices are likely to continue trending upward.”
Westchester County saw a slowdown in sales activity, with a 16% decrease in the number of single-family homes sold year-over-year. Despite this, home values continued to rise, with the average sale price reaching $1.3 million, up 11%. In the Greater White Plains area including White Plains, Greenburgh and Valhalla, the median price dropped 1% and the number of single-family homes sold was down 26%.
There were 683 single-family homes sold in Westchester during the first quarter of 2026 compared with 814 in the same period last year. The median sale price was $940,000 compared with $875,500 in the first quarter of 2025.
There were 251 condominiums sold in Westchester during the first quarter of 2026, compared with 240 in the first quarter of 2025. The median sale price was down 5% at $529,000 compared with $557,000 in the first quarter of 2025. The same number of co-ops, 337, were sold in the first quarter of 2026 as in the first quarter of 2025. The median sale price went up by 7.3% from $220,000 to $256,000.
Putnam County remained generally stable year-over-year, with 139 single-family homes sold in the first quarter of this year compared with 141 in the same period last year. Pricing, however, showed notable strength, with the median sale price increasing to $610,000, up 11%. There were 38 condos sold in Putnam compared with 18 in the first quarter of 2025. The median sale price went up 9.2% from $368,750 in the first quarter of 2205 to $402,500 in the first quarter of 2026.
Dutchess County recorded modest growth with home sales increasing 2.9% to 419 units versus 407 in the first quarter of 2205. The median sale price rose to $500,000 from $485,000 in the first quarter of 2025. There were 60 condos sold in Dutchess during the first quarter of the year compared with 57 in the first quarter of last year. The median sale price fell 5% from $325,000 to $308,750.
