Is Westchester in a Buyer’s Market or Seller’s Market in 2020?

Which Westchester School Districts are in a Buyer's Market?

Updated: January 2020. Are you looking to move to Westchester? Or are you thinking of selling your Westchester home? Then one of the first things you need to know is whether Westchester is in a Buyer’s Market or Seller’s Market. How can you tell if you are in a buyer’s or seller’s market? A good indicator is the Months Supply of Homes for Sale, which is computed as the number of homes currently for sale divided by the average number of homes sold. A balanced market usually has 5-6 Months Supply of Homes for Sale, a Buyer’s market has more than 6 Months Supply of Homes for Sale and a Seller’s market has less than 5 Months Supply of Homes for Sale. We know most Westchester buyers search by school district. To make it easy for you, we looked at the Months Supply of Homes for Sale and Days on Market of the top Westchester School districts* to determine whether those school districts were in a Buyer’s market or a Seller’s market. The data below is based on January to December 2019 home sales data. We will be updating this report as sales data come in. There are 17 school districts in a Seller’s market and only 10 school districts in a Buyer’s Market. So is Westchester in a buyer’s or seller’s market?

Westchester School Districts in a Buyer’s Market

These are the Westchester School districts in a Buyer’s market. The homes in these districts have more homes for sale than being sold (Months Supply of Homes for Sale is high) and it is taking longer to sell homes in these markets (Days on Market is high).

If you are a buyer in these school districts then you are in luck. You have the upper hand and can negotiate on prices. While if you are trying to sell your home in these markets, then you really should be realistic with your pricing otherwise your home will sit on the market for a long time.

  • Scarsdale Union Free School District
  • Bronxville Union Free School District
  • Chappaqua Central School District
  • Byram Hill Central School District
  • Rye City School District
  • Katonah Lewisboro Union Free School District
  • Harrison Central School District
  • Irvington Union Free School District
  • Bedford Central School District
  • North Salem Central School District
Westchester in a Buyer's Market or Seller's Market?

Westchester School Districts in a Seller’s Market

These are the Westchester School districts in a Seller’s market. There are not enough homes in the market for sale in these districts (Months Supply of Homes for Sale is low) and homes are selling fast (Days on Market is low).

If you are a buyer in these school districts then you are probably chasing after the same homes that a lot of potential buyers are looking at. You are likely in a competitive market with bidding wars. While if you are a seller thinking of selling your home in these school districts then you are in luck. You have the upper hand. If you price your home right, you can have a multiple offer situation and selling your home will be quick.

  • Mamaroneck Union Free School District
  • Hastings-on Hudson Union Free School District
  • Yorktown Central School District
  • Eastchester Union Free School District
  • Ardsley Union Free School District
  • White Plains City School District
  • Union Free School District of the Tarrytowns
  • Pleasantville Union Free School District
  • Hendrick Hudson Central School District
  • Lakeland Central School District
  • Somers Central School District
  • Mount Pleasant Central School District
  • Valhalla Union Free School District
  • Ossining Union Free School District
  • Elmsford Union Free School District
  • Port Chester- Rye Union Free School District
  • Mount Vernon City School District

Westchester School Districts in a Balanced Market

These Westchester school districts are in a balanced market.

  • Edgemont Union Free School District
  • Rye Neck Union Free School District
  • Pelham Union Free School District
  • Briarcliff Manor Union Free School District
  • Blind Brook- Rye Union Free School District
  • Dobbs Ferry Union Free School District
  • Croton-Harmon Union Free School District
  • Tuckahoe Union Free School District
  • New Rochelle City School District

Conclusion

For the most part, Westchester County is in a Seller’s Market. Inventory remains low and it does not take long to sell a home. There are 17 Westchester County School Districts in a Seller’s Market and 10 Westchester County School Districts in a Buyer’s Market. The good news is if you are a seller, you have the upper hand!

Westchester Real Estate Market Stats

School DistrictNiche.com 2020 Best School Districts in Westchester County RankingMonths of Supply of HomesMedian Days on MarketMedian Sales Price (Single Family, Condo, Coop)Metro-North Train to Midtown Manhattan (Minutes)
Scarsdale Union Free School District17.355$1,347,50034 Minutes from Scarsdale Station
Bronxville Union Free School District27.562$1,295,00031 Minutes from Bronxville Station
Chappaqua Central School District37.050$823,50053 Minutes from Chappaqua Station
Byram Hills Central School District49.072$975,00043 Minutes from North White Plains Station
Edgemont Union Free School District55.253$859,50037 Minutes from Hartsdale Station
Rye City School District67.851$1,488,50042 Minutes from Rye Station
Rye Neck Union Free School District75.057$907,25045 Minutes from Mamaroneck Station
Pelham Union Free School District85.342$860,00033 Minutes from Pelham Station
Katonah Lewisboro Union Free School District98.455$620,00071 Minutes from Katonah Station
Briarcliff Manor Union Free School District106.156$793,50052 Minutes from Scarborough Station
Mamaroneck Union Free School District113.635$910,00045 Minutes from Mamaroneck Station
Hastings-on Hudson Union Free School District124.548$685,50039 Minutes from Hastings-On-Hudson Station
Yorktown Central School District133.447$518,75059 Minutes from Mt. Kisco Station
Eastchester Union Free School District143.438$512,00036 Minutes from Crestwood Train Station
Harrison Central School District158.166$1,100,00048 Minutes from Harrison Station
Blind Brook-Rye Union Free School District165.450$865,00045 Minutes from Port Chester Station
Ardsley Union Free School District174.939$745,25034 Minutes from Scarsdale Station
Dobbs Ferry Union Free School District185.052$810,00041 Minutes from Dobbs Ferry Station
Irvington Union Free School District197.257$752,00045 Minutes from Irvington Station
Bedford Central School District209.060$610,00067 Minutes from Bedford Hills Station
White Plains City School District214.044$432,50039 Minutes from White Plains Station
Union Free School District of the Tarrytowns223.943$546,00040 Minutes from Tarrytown Station
Pleasantville Union Free School District234.452$610,00055 Minutes from Pleasantville Station
Croton-Harmon Union Free School District245.755$589,90053 Minutes from Croton-Harmon Station
Hendrick Hudson Central School District254.355$464,50060 Minutes from Cortlandt Station
Lakeland Central School District263.742$369,00060 Minutes from Cortlandt Station
Somers Central School District274.859$448,00074 Minutes from Goldens Bridge Station
Mount Pleasant Central School District284.852$568,00051 Minutes from Hawthorne Station
Tuckahoe Union Free School District295.754$520,00034 Minutes from Tuckahoe Station
Valhalla Union Free School District304.157$539,00047 Minutes from Valhalla Station
North Salem Central School District3110.980$533,00078 Minutes from Purdy’s Station
New Rochelle City School District325.055$554,50039 Minutes from New Rochelle Station
Ossining Union Free School District334.852$410,00050 Minutes from Ossining Station
Elmsford Union Free School District344.646$489,75043 Minutes from North White Plains Station
Port Chester- Rye Union Free School DistrictNot ranked as a top school3.248$449,45045 Minutes from Port Chester Station
Mount Vernon City School DistrictNot ranked as a top school3.851$320,00030 Minutes from Mount Vernon East Station

Source: Niche.com 2020 Best School Districts in Westchester County and MLS Homes Sales Data from January 2019-December 2019.

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