Report: ‘The Hudson Valley’s Housing Outlook is Changing, But Not Necessarily for the Better’

NEWBURGH—Hudson Valley Pattern for Progress’ Center for Housing Solutions released its Q3 2025 Hudson Valley Regional Housing Market Report on Oct. 28. The report examined a number of trends within the regional housing market, and its constituent counties, including median sale prices, total volume of sales, total inventory on the market, and more.

Here are some key takeaways from the report.

The Hudson Valley home market has transitioned into a new stage. For the first time in more than seven years, the nine-county region has seen three consecutive quarters in which the quantity of new listings and the total inventory of homes for sale both increased. The gains are modest, the report stated. New listings and the total inventory of homes on the market both grew by about 100 to 200 homes compared to the third quarter last year.

This change is noteworthy because the Hudson Valley experienced six consecutive years of rising prices and declining stock for sale on the market. However, we should not expect regional market dynamics to change quickly. Compared to the pre-pandemic market, our region still has less than half the quantity of homes for sale. This supply constriction—along with other forces such as corporate homebuying and remote work - is likely to push home prices higher in the near term, Pattern for Progress officials stated.

Already-exorbitant home prices across the region shot even higher in the third quarter. Most notably, Columbia County saw its median home price exceed $500,000 for the first time ever. Statistically, Columbia County continues to have some of the deepest housing stress in the entire region. Westchester County crossed the $800,000 mark for the first time in a single quarter, while Sullivan County has seen its median home price skyrocket by 145% since 2019, the highest proportional increase in the entire region.

In the current market, homeownership is unattainable for those who want to own a piece of their community. This has a cascading effect, the report stated. More households are persisting in rentals, rents are increasing faster than wages, and more of our neighbors who relied on modest rents are slipping into the social safety net and being housing in hotels and motels. These realities must compel the region and the state to constantly examine programs, regulations, and actions. The Q3 data in this report underscore that housing must remain at the top of our civic priority list.

“The Hudson Valley’s housing outlook is changing, but not necessarily for the better,” Pattern CEO Adam Bosch said. “As inventory inches up and prices continue to rise, more households are being locked out of homeownership and pushed into rental markets that cannot keep up. This fuels higher rents, greater reliance on emergency housing, and a deepening strain on both our regional workforce and the well-being of our communities. The data in our report underscore that housing must remain at the top of our civic priority list in the Hudson Valley.”

Third Quarter Home Prices

• Median home prices increased everywhere except Dutchess County.
• The median home price in Columbia County exceeded $500,000 for the first time. A typical home in Columbia now costs more than homes in Orange and Dutchess.
• Sullivan County has the largest proportional increase in its median home price since 2019. Its median home price is up by a whopping 145%.
• The median home price in every county surpassed $350,000 for the first time.

Third Quarter Inventory of Homes for Sale

• The total inventory of homes for sale increased in Q1, Q2, and Q3 - the first-time inventory has increased in three consecutive quarters since the pandemic.
• Compared to the pre-pandemic market, there are still less than half the quantity of homes on the market.

For a copy of the full Q3 2025 Hudson Valley Regional Housing Market Report, go to: https://www.pattern-for-progress.org/portfolio/hudson-valley-regional-housing-market-report-q3-2025/