Total housing inventory registered at the end of March was 1.33 million units, up 8.1% from February and 19.8% from one year ago (1.11 million).
Median sales prices of single-family homes throughout the Bronx and lower Hudson Valley all saw gains, with Sullivan County at an 18.3% hike from last year’s $299,998 to $335,000.
Regionally, on a year-to-date basis, new home sales were up 12.9% in the South, but were down 32% in the Northeast, 18.3% in the Midwest and 6% in the West.
Median sales prices of single-family homes throughout the Bronx and lower Hudson Valley all saw gains, with Sullivan County at an 18.3% hike from last year’s $299,998 to $335,000.
WHITE PLAINS—The Bronx took the lead in closed sales of single-family homes in March, posting a 20.7% increase over 2024’s March sales. Westchester, Orange and Rockland County single-family sales also experienced growth last month. Only Putnam and Sullivan County sales declined, according to a report released by the Hudson Gateway Association of Realtors, Inc. on April 24.
Median sales prices of single-family homes throughout the Bronx and lower Hudson Valley all saw gains, with Sullivan County at an 18.3% hike from last year’s $299,998 to $335,000. Median prices in the Bronx, Rockland and Orange County also experienced double-digit increases over March 2024.
Sales of condos in Westchester jumped by almost 20%, and by nearly 18% in Rockland. Median sales prices for Rockland condos escalated by 27% over last year to a new high of $454,500. Condo prices in the Bronx and Orange Counties rose by over 19%, and by just over 15% in Westchester.
Bronx co-op sales were the highest in the region, soaring by more than 65% from March 2024. Median co-op prices in Rockland grew by almost 32%—the region’s highest percentage – to $208,825.
Inventory for all property types was mixed across the region, with slight gains and drops. New listings were up in almost all regions for all property types, with the Bronx leading at 48% for single-family homes.
Today’s report by the Hudson Gateway Association of Realtors is based on data supplied by OneKey® MLS.
“While the regional housing market remains competitive, with single-family home prices up year-over-year, we’re observing varied trends across different property types and counties,” said Lynda Fernandez, CEO of the Hudson Gateway Association of Realtors. “This underscores the importance of localized market expertise and reinforces the value our Realtors bring in guiding clients through these dynamic conditions.”
The Bronx took the top spot for closed sales of both single-family homes and co-ops last month with increases of 20.7% and 65.7%, respectively. Condo sales saw a 6.3% uptick. Median sales prices for all property types increased with co-op prices climbing by 26.8% to $260,000. Single-family home prices jumped by 13.6% to $710,000 and condos by 19.2% to $295,000.
New listings for single-family properties rose significantly by 48.4%, followed by condos at 40%. New co-op listings grew slightly by 3.6%. Single-family home inventory increased by 29.6%, but inventory for condos fell by 28.2% and 4.3% for co-ops. Months of supply for all property types increased by 1.5 % to 6.6 months and pending sales also saw growth by 10.8%
Closed sales of all property types in Westchester County rose in March, with condos seeing the largest increase at 19.1%. Sales of co-ops grew by 16.5%, and single-family homes by 11.5% over last year. The condo market realized the largest gain in median sales prices at 15.1%, over last year to a new median of $575,000. Single-family home prices increased by 8.9% to $860,000, and co-ops by 7.6% to $220,500.
New listings for single-family homes expanded by 15.5%, followed by co-ops at 2.9%. New condo listings fell by just 3.3%. Only the condo market experienced a gain in inventory at 7%. Co-op inventory dropped by 14.9%, and the single-family market by 6.7%. Months of supply for all property types remained flat at 2.3 months, while pending sales saw an upturn of 6.4%
Putnam County’s sales declined for both single-family homes, by 10.9% and condos, by 50%. However, Putnam’s condo market is small—there were just four condos on the market in March as opposed to eight at this time last year. There were no co-op sales reported in March. Median prices for condos rose by 11.8% to $394,653 and by 3.2% for single-family homes to $565,000.
New listings for condos escalated by 77.8%, going from just nine last March to 16 last month. New listings for single-family homes showed significant growth at 28.4%. Condo inventory soared by 112.5%, again keeping in mind Putnam’s modest condo market. In March 2024, there were just eight condos in inventory, as opposed to 17 in March 2025. Single-family home inventory moved ahead by 5.5%. Months of supply for all property types increased by 23.8% to 2.6 months, while pending sales declined by 8.6%.
Sales of Rockland’s condos continued to outpace other property types with a 17.9% increase over last year. The county’s single-family home sales sector grew by 9.5% but co-op sales remained flat. Co-ops led the market for median sales price increases at 31.8%, to a new median of $208,825. Condos followed closely with a 27% hike to $454,500, and single-family home median prices grew by 12.7% to $802,500.
Rockland’s co-op market also gained the most for new listings at 27.3%, followed by single-family homes at 14.3%. New listings for the condo market declined by just 1.7% However, inventory for condos climbed by 32.4% and co-ops by 27.8%. Single-family home inventory also advanced by 6.7%. Months of supply for all property types grew by 8% to 2.7 months and pending sales saw a slight increase of 2.2%.
In Orange County, co-op sales soared by 50%. However, the county’s modest co-op market saw a gain of just one sale from last year—from two in March 2024 to three last month. Sales of single-family homes rose by 12.9% but condo sales declined by 3.3%. Condos gained the highest percentage though, for median sales prices with an increase of 19% to $332,500. Co-ops also advanced in median price by 11.7% to $165,000 and single-family homes by 10.6% to $475,500.
New listings for single-family homes advanced by 23.1% but dropped by 25% for condos. New listings for co-ops remained flat. Co-op inventory increased by 20%, but the county’s small co-op market gained just one unit from last year, from five to six. Single-family home inventory grew by 3.7% while condo inventory declined by 1.7%. Months of supply for all property types were up 11.1% to three months, and pending sales gained just 0.4%.
Sullivan County’s March sales of single-family homes declined by 13.2%, but median sales prices saw the highest percentage gain in the region at 18.3% to a new high of $355,000. There were no condo or co-op sales reported in March.
New listings for single-family homes jumped by 19.1% and inventory saw a slight gain of 0.9%. Months of supply for all property types grew by 3.6% to 5.8 months and pending sales increased by 20.8%
(NOTE: Link to ALL regional reports: Market Data | Hudson Gateway Association of REALTORS® Scroll down to 2025 Market Stats)
Total housing inventory registered at the end of March was 1.33 million units, up 8.1% from February and 19.8% from one year ago (1.11 million).
Regionally, on a year-to-date basis, new home sales were up 12.9% in the South, but were down 32% in the Northeast, 18.3% in the Midwest and 6% in the West.
Gov. Hochul stated that “congestion pricing is legal” in a statement responding to Duffy’s letter, and said the MTA would continue to collect the tolls.
Proceeds from monies raised through ticket sales, sponsorships, and voting fundraising will be distributed by HGRF to charities and non-profits in the region.
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