Market
Hudson Valley Home Prices Continued to Rise Despite More Homes Hitting the Market
Could the region see these exorbitant prices decline? The report states perhaps.
NEWBURGH—Hudson Valley Pattern's Center for Housing Solutions released its 2025 Annual Housing Market Report on Jan. 26 that identified divergent trends for home prices and the total inventory of homes available on the market.
The median price of homes continued to rise in all nine counties from 2024-2025, pushing homeownership further out of reach for most residents. At the same time, more homes were available on the market as listings, sales, and the year-end inventory of available homes all increased.
The Hudson Valley hit another noteworthy milestone in 2025: the median cost of a home was $350,000 or greater in every county for the first time ever. All counties, except Greene and Sullivan, now have a median price over $450,000, and Rockland County’s median home price eclipsed $700,000 for the first time. Proportionally, the region’s most rural counties (Columbia, Greene, and Sullivan) continued to experience the greatest price inflation as their year-over-year median prices all increased by 8% or more.
Could the region see these exorbitant prices decline? The report states perhaps. The inventory of homes for sale on the regional market has increased. Approximately 1,350 more homes sold in 2025 compared to the previous year. The year ended with a 6% increase in homes available on the market. Thousands of homes, most of them apartments, are being constructed across the region. Still, these numbers will require steady analysis as the housing market does not always follow traditional supply-and-demand economics, the report stated.
Many forces are pulling on the regional housing market. Remote work is likely exerting upward pressure on rural home prices. A greater number of retirees are likely putting their homes on the market. Some households have likely moved back to the New York City metro area after seeking refuge in our region during the pandemic.
Some highlights from the 2025 Annual Housing Market Report include:
- The number of closed sales in the region rebounded modestly in 2025 after three consecutive years of decline.
- New listings increased for the second year in a row after several years of decline. This might offer a glimmer of hope for first-time buyers who have struggled in a market where inventory was relatively low and demand was high.
- The inventory of homes for sale in the Hudson Valley is still extremely depressed from its pre-pandemic baseline. The inventory of homes available to buy has shrunk by more than half. However, the modest increases of the past two years might signal a shift in the market that will eventually help buyers in the years ahead.
- The total inventory of homes for sale across the Hudson Valley in the fourth quarter of 2025 remained relatively flat. The most significant swings were seen in Rockland (24% increase) and Westchester (10% decrease).
Later this year, Pattern will publish a study to show the effects of corporate buyers and short-term rentals in our housing market. These research efforts are connective tissue that will help explain why the modern housing market in the Hudson Valley has created both more equity for homeowners and less opportunity for prospective homebuyers.