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The Top Price Ranges Driving Westchester’s Real Estate Market

The Top Price Ranges Driving Westchester’s Real Estate Market

Plus, Zillow Downgrades 2025 Home Price Forecast, The Local Impact of a Property Sale, and join me at a Home Buyer Seminar next week.

Ralph Ragetté Jr
March 22, 2025 • Reading Time: 9 minutes

We're starting to see more sellers step into the market — no surprise there.

What is surprising? Just how quickly those inventory gains are disappearing. Take a look at what’s been happening over the past two weeks with Westchester single-family homes:

Last week: 227 new listings | 203 under contract
This week: 222 new listings | 227 under contract

The encouraging news? More inventory will be coming, but the question remains: Can it keep pace with buyer demand, even briefly?

I’ll be watching the numbers closely and will keep you posted. Let me know if you would like to chat about timing or a strategy for your next move.

Today’s Topics:

Guess what price range is most popular in Westchester right now
Zillow’s updated 2025 home price forecast
The economic impact of a home sale

The Top Price Ranges Driving Westchester’s Real Estate Market

The chart above provides a breakdown of property showings by price range for homes listed under $2 million in Westchester County, from January 1st to March 15th. It highlights which price segments that are attracting the most buyer interest, showing trends in demand based on the number of showings per listing. Key findings:

🔥 Most Active Price Ranges:

$600K – $699K: The lead in every category, representing 12.19% of all showings.
$700K – $799K: Placed second in all categories except showings per listing (10th)
$1.6M – $1.69M: Second in showings per listing (21.24), despite overall low volume.

Ralph’s Take

Understanding these market trends is essential for both buyers and sellers. Mid-tier homes ($600K–$800K) are in high demand, drawing strong buyer interest and competitive offers. Entry-level homes ($100K–$500K) remain active, with showings per listing consistently above 14. Meanwhile, luxury homes ($1.5M–$2M) face lower demand, requiring strategic pricing and marketing to attract buyers. If you're selling in a high-demand range, now is the perfect time to list — buyers, be prepared for competition!

Westchester Weekly Market Tracker 📈

‘Coming Soon’ Listings: 38 ↑+17
New Listings: 222 ↓-21
Price Reductions: 67 ↓-3
Pending Sales: 227 ↑+76
Closed Sales: 98 ↓-1

💰 Highest Sale: 111 Katonah Woods Road, Katonah: $5,500,000 (Full ask in 18 days)

_{Property Type: Single-Family. OneKey MLS, Inc. 2/14/25 - 3/21/25.}

Zillow Downgrades 2025 Home Price Forecast

Zillow has revised its U.S. home price forecast via ResiClub, now predicting just a 0.8% increase from February 2025 to February 2026, down from earlier projections of 1.1% and 2.9%. This reflects rising inventory levels nationally and ongoing affordability issues, which are dampening buyer demand. Zillow expects only 4.1 million existing home sales in 2025, significantly below pre-pandemic levels.

2025 existing home sales projected at 4.1M, down from 5.3M in 2019.
Temporary spring sales boost expected, followed by a seasonal dip.
Single-family rents forecasted to rise 3.6%; multifamily rents up 2.5%.
Rents continue climbing, 3.6% for single-family homes, 2.5% for multifamily.

Ralph’s Take

Zillow just dialed back expectations again. They're now calling for a slim rise in home values for 2025 as rising inventory cools much of the national market. One exception? The Northeast, where inventory remains tight, pushing appreciation above the national average.

The Local Impact of a Property Sale

Buying or selling a home has a broader impact beyond personal change — it significantly supports the local economy. According to the National Association of Realtors (NAR), each home sale generates substantial economic activity, with existing home sales contributing over $60,000 and new home purchases adding over $125,000 to the local economy.

Ralph’s Take

Buying or selling a home is more than a personal milestone — it’s a major boost to the local economy. Each move injects tens of thousands of dollars into the community, driving demand in construction, finance, retail, and more. Local governments gain through taxes and fees, and even small businesses, like your neighborhood pizza shop, feel the impact. You're not just changing addresses — you're helping power the entire neighborhood.

If you have questions about the home buying process or want to know if you qualify for a mortgage, join us at our upcoming homebuyer seminar. Mortgage experts will be available to guide you through each step toward homeownership and answer any questions you may have. Seating is limited for this event - RSVPs are required.

Email me and I’ll save you a seat! 👌