The first month of 2025 has come to a close.
The Hudson Valley real estate market continues to evolve, presenting both challenges and opportunities for buyers and sellers. While January saw increased sales activity across several counties, notably Rockland and Bergen, the market remains competitive with limited inventory and upward pressure on prices. This dynamic landscape requires careful consideration and expert guidance to navigate successfully. In this post, we’ll delve into key data points for Rockland, Westchester, Orange, and Bergen counties, analyzing trends in sales, prices, and inventory. We’ll then explore the implications of these trends for both buyers and sellers in the coming months, providing valuable insights and actionable advice.
Rockland, Westchester, and Orange county data courtesy of OneKey MLS. Bergen County data courtesy of New Jersey MLS. All information deemed reliable but not guaranteed.
Rockland County
Single Family Homes
Homes Sold: 127
Up from January 2024: 112
Median Sale Price: $740,000
Up from January 2024: $700,000
Price Range: $400,000 to $3,300,000
January 2024: $160,000 to $3,270,000
Median Days on Market: 36
Up from January 2024: 26
Percent of Original Asking: 100.0%
Up from January 2024: 99.8%
New Listings: 129
Up from January 2024: 118
Sales Pending: 73 (as of 2/1/2025)
Down from January 2024: 100
Homes for Sale: 283
Down from January 2024: 312
Median Asking Price: $974,500 (as of 2/1/2025)
Up from January 2024: $799,450
Rockland County Key Takeaways
Rockland County saw a double-digit increase in median sale price for a single-family home, up $40,000 compared to the same month last year.
The median days on market is up, meaning homes are spending more time on the market and taking about a week and a half longer to sell than they did this time last year. This could be due to interest rates not letting up and prices continuing to rise throughout the region.
New listings are slightly up from the same month last year, however inventory is lower. This is the lowest inventory we’ve had in January since 2022, when there were 265 single-family homes for sale.
Pending sales are down, indicating we could see less sales this February than the year before.
The median asking price in Rockland is up over $175,000 compared to this month last year. As of February 1, 2025, asking prices for a single-family home in Rockland County ranged from $295,000 in Piermont to $10,500,000 in Monsey.
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Westchester County
Single Family Homes
Homes Sold: 337
Up from January 2024: 281
Median Sale Price: $880,000
Up from January 2024: $870,000
Price Range: $255,000 to $725,000
January 2024: $110,000 to $8,500,000
Median Days on Market: 50
Up from January 2024: 24
Percent of Original Asking: 100.1%
Up from January 2024: 100.0%
New Listings: 344
Up from January 2024: 339
Sales Pending: 219 (as of 2/1/2025)
Up from January 2024: 216
Homes for Sale: 515
Down from January 2024: 709
Median Asking Price: $1,100,000 (as of 2/1/2025)
Up from January 2024: $945,000
Westchester County Key Takeaways
Westchester County also saw a double-digit increase in median sales price compared to the same month a year prior, however not as steep as its west bank counterpart. While not a significant difference from last January, it is still the highest median sale price Westchester has seen for the month of January – ever.
Median days on market nearly doubled from January 2024. Homes are spending twice the time on the market compared to this time last year.
The median asking price for a single-family home in Westchester County was $1,100,000 as of February 1, 2025. Prices ranged from $199,000 in Buchanan to $16,500,000 in Armonk.
Wondering what price ranges are spending the most time on the market? Fill out our contact form here.
Orange County
Single Family Homes
Homes Sold: 186
Down from January 2024: 188
Median Sale Price: $477,500
Up from January 2024: $435,000
Price Range: $50,000 to $2,600,000
January 2024: $60,000 to $2,775,000
Median Days on Market: 57
Up from January 2024: 46
Percent of Original Asking: 99.8%
Up from January 2024: 98.8%
New Listings: 211
Up from January 2024: 204
Sales Pending: 173 (as of 2/1/2025)
Up from January 2024: 162
Homes for Sale: 617
Down from January 2024: 637
Median Asking Price: $550,000 (as of 2/1/2025)
Up from January 2024: $432,500
Orange County Key Takeaways
With only 617 single-family homes for sale, this is the lowest inventory Orange County has seen in over ten years. The winter months of December to March usually see the lowest inventory for the year in Orange County.
The median asking price for a single-family home in Orange County was $550,000 (exactly half that of Westchester) as of February 1, 2025. Prices ranged from $29,000 in Monroe to $18,000,000 in Highland Mills.
We’re taking on new clients for 2025! If you’re considering buying or selling a home this year, get in touch with our team for a personalized, strategic plan for your next move.
Bergen County
Single Family Homes
Homes Sold: 396
Up from January 2024: 297
Median Sale Price: $825,000
Up from January 2024: $690,000
Price Range: $311,900 to $18,950,000
January 2024: $270,000 to $6,850,000
Median Days on Market: 25
Up from January 2024: 17
Percent of Original Asking: 100.7%
Down from January 2024: 101.2%
New Listings: 400
Down from January 2024: 429
Sales Pending: 553 (as of 2/1/2025)
January 2024 data unavailable
Homes for Sale: 894
Up from January 2024: 712
Median Asking Price: $850,000 (as of 2/1/2025)
Up from January 2024: $737,500
Bergen County Key Takeaways
The number of home sales in Bergen County increased for the second year in a row this January. Single-family home sales were up 33% compared to January 2024.
The median sale price saw a rather significant increase similar to Rockland County’s, over $100,000 compared to January of last year.
Of the four counties, Bergen is the only one that experienced a decrease in new listings. Lower inventory with sales increasing will likely keep the median sale price on the incline.
Active single-family inventory ranges from $325,000 in Garfield to $33,000,000 in Mahwah.
January 2025 Summary and predictions
The Hudson Valley housing market showed mixed signals in January. While sales increased in most counties, with notable jumps in Rockland and Bergen, inventory remains tight across the board. This combination of increased demand and limited supply is likely to continue to put upward pressure on prices.
Predictions: We anticipate a competitive spring and summer market throughout the region. Buyers should be prepared for a challenging landscape with potential for multiple offers and bidding wars. For sellers, this presents a favorable opportunity to capitalize on strong demand.
The question of whether or not it’s the right time to buy The question of whether or not it’s the right time to buy or sell is a complex one with no easy answer. Factors such as personal financial circumstances, long-term goals, and individual market preferences all play a significant role.
Whether you’re a buyer or seller, seeking expert guidance is crucial. Our team at Micaela Stanaland Real Estate is here to provide personalized advice and support based on your unique needs and the current market conditions. Contact us today for a consultation and let’s discuss your real estate goals.