Hudson Valley — November sales of single-family homes increased in Westchester, Rockland, and the Bronx, with Rockland in the lead at 15.4 percent over last year at this time. 

Putnam, Orange, and Sullivan counties all experienced double digit decreases in sales, with Orange seeing the largest decline at 19.5 percent. 

Single-family median sales prices rose in almost all regions, with home prices in Sullivan County soaring by 19.6 percent to $357,500 – the largest gain in the region. 

The median sale price is the sale price in the middle of the data set when you arrange all the sale prices from low to high. The median sale price, then, represents the figure at which half of the properties in the area sell at a higher price and other half at a lower price.

Putnam County’s median prices remained the same as November of 2023 at $530,000 

Inventory for all property types declined in almost all areas, except for Rockland’s condo and co-op markets, the latter with an 84.6 percent gain. The Bronx led the region for new listings, with a 31.9% percent increase.

Orange County’s November condo sales experienced the highest gain at 36 percent, while Putnam condos sales increased by 18.2 percent, and the Bronx by 15.4 percent. Median sale prices for condos climbed everywhere but the Bronx, which saw a slight decline at 3 percent. Rockland County was the winner with a 16.2 percent hike in condo median prices at $430,000, as compared to last year at $370,000. Rockland’s co-op sales grew by 20%, and the median sales price by 43.9% to $161,200. Co-op sales declined in both Westchester and the Bronx. 

These statistics are reported by the Hudson Gateway Association of Realtors (HGAR) and is based on data supplied by OneKey® MLS. 

“Sales and median prices of single-family homes continue to rise throughout most of our region, and we’ve also seen some substantial gains among other property types as well,” said HGAR CEO Lynda Fernandez. “I think the market indicates that we are poised to see more housing opportunities for more individuals and families in 2025.”

Sullivan County

While Sullivan County’s November sales fell by 18.3 percent, the county had the highest increase in median sales prices at 19.6 percent to $357,000, from just $299,000 last year. There were no condo or co-op sales reported.

New listings dipped slightly by 1.4, but inventory of single-family homes increased by 5.7 percent.  Months of supply advanced by 7.4 percent to 7.3 months. Pending sales increased by 10 percent. 

Orange County

In Orange County, sales of condos grew by 36% in November, while single-family home sales declined by 19.5%. The co-op market, while small, did experience a 100% hike in sales from one last year to just two this November. Single-family median sales prices increased by 5.7% to $465,000 and condos by 2.5% to $289,500  Co-op prices decreased by 9.2% to $132,500 from $146,000 last year.

New listings declined for both condos and single-family homes at 6.7% and 1.7%, respectively. There was no change in new listings for co-ops. Condos saw a slight uptick in inventory at 1.4%, while single-family home inventory dropped by 10.8%. Co-op inventory remained flat. Months of supply for all property types was down 8.1% to 3.4 months, and pending sales decreased by 5%.