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

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

Are you looking to move to Westchester? Or are you thinking of selling your Westchester home? Then one of the first thing you need to know is whether you are 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 4th Quarter 2018 home sales data. We will be updating this report every quarter. There are 17 school districts in a Seller’s market and only 8 school districts in a Buyer’s Market. Overall, the Westchester market continues to be strong but is composed of multiple micro-markets so it is important for you to understand the market at the school district level. So which Westchester school districts are in a Buyer’s market? And which Westchester school districts are in a Seller’s market?

Westchester School Districts in a Buyer’s Market

These are the Top Westchester School districts in a Buyer’s market. As you can see in the table below, 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
  • Byram Hill Central School District
  • Katonah Lewisboro Union Free School District
  • Bedford Central School District
  • Irvington Union Free School District
  • North Salem Central School District
  • Harrison Central School District
Which Westchester School Districts are in a Buyer's Market? Purchase Street, Rye NY Westchester School

Westchester School Districts in a Seller’s Market

These are the Top Westchester School districts in a Seller’s market. As you can see in the table below, 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.

  • Edgemont Union Free School District
  • Rye Neck Union Free School District
  • Briarcliff Manor Union Free School District
  • Hastings-on Hudson Union Free School District
  • Mamaroneck Union Free School District
  • Pelham Union Free School District
  • Ardsley Union Free School District
  • Blind Brook-Rye Union Free School District
  • Pleasantville Union Free School District
  • Yorktown Central School District
  • Eastchester Union Free School District
  • White Plains City School District
  • Union Free School District of the Tarrytowns
  • Hendrick Hudson Central School District
  • Dobbs Ferry Union Free School District
  • Lakeland Central School District
  • Mount Pleasant Central School District

Westchester School Districts in a Balanced Market

These school districts are in a balanced market. Although you should know that Rye City School District is tipping to a Buyer’s Market and Somers Central School District is tipping to a Seller’s Market.

  • Rye City School District
  • Chappaqua Central School District
  • Croton-Harmon Union Free School District
  • Tuckahoe Union Free School District
  • Somers Central School District

Q4 2018 Westchester School Districts Real Estate Metrics

School District
Niche 2019 Best School Districts in Westchester County Ranking Months Supply of Homes for SaleDays on Market (Median)Median Sales Price (Single Family Homes, Condos and Coops)Median Sales Price (Single Family Homes)
Edgemont Union Free School District13.474$665,000$980,000
Scarsdale Union Free School District27.360$1,185,000$1,200,000
Rye Neck Union Free School District34.0611,034,866$1,155,000
Briarcliff Manor Union Free School District44.381$743,000$772,500
Rye City School District56.1108$1,650,000$1,995,000
Chappaqua Central School District65.777$718,000$735,000
Bronxville Union Free School District77.972$1,005,000$1,650,000
Hastings-on Hudson Union Free School District82.938$595,000$655,000
Mamaroneck Union Free School District93.443$710,000$1,182,500
Byram Hills Central School District108.2124$975,000$975,000
Katonah Lewisboro Union Free School District117.482$540,000$616,000
Pelham Union Free School District123.855$776,500$842,500
Ardsley Union Free School District133.742$725,000$681,000
Blind Brook-Rye Union Free School District144.263$840,000$855,000
Pleasantville Union Free School District154.844$759,500$834,656
Bedford Central School District167.372$607,000$705,000
Yorktown Central School District174.655$449,000$461,000
Croton-Harmon Union Free School District185.340$580,000$580,000
Irvington Union Free School District197.370$765,000$936,000
Eastchester Union Free School District202.942$452,500$688,600
North Salem Central School District218.174$477,500$477,500
Harrison Central School District227.770$983,745$1,260,000
Tuckahoe Union Free School District235.443$584,500$900,000
White Plains City School District243.549$390,000$675,000
Somers Central School District255.057$474,500$527,500
Union Free School District of the Tarrytowns264.530$577,500$808,500
Hendrick Hudson Central School District274.786$467,000$490,000
Dobbs Ferry Union Free School District284.060$900,000$900,000
Lakeland Central School District293.849$378,500$403,500
Mount Pleasant Central School District304.147$567,500$567,500
Source: Niche 2019 Best School Districts in Westchester County and HGMLS

Niche’s 2019 Best School Districts in Westchester County

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