Exploring the Land Real Estate Market in Westchester County, NY: A 2025 Snapshot
📊 Market Overview
Inventory & Pricing: Currently, there are approximately 116 to 129 land listings in Westchester County, with median asking prices ranging from $750,000 to $799,000. These listings span from modest residential lots to expansive multi-acre parcels, catering to diverse buyer interests.Redfin
Residential Market Influence: The county's overall housing market remains robust, with the average home value reaching $807,183, marking a 4.6% increase over the past year. This upward trend in home values underscores the desirability of the region and indirectly boosts land values, as demand for new construction and development opportunities grows.Zillow
🏡 Buyer & Seller Dynamics
For Buyers: The competitive nature of the market means that desirable land parcels can sell quickly. Buyers should be prepared for swift decision-making and may benefit from working with local real estate professionals to navigate the market effectively.
For Sellers: Given the limited inventory and high demand, sellers are in a favorable position. Properly priced and marketed land parcels are likely to attract significant interest, potentially leading to expedited sales.Homes in Westchester
🔍 Notable Listings
Bedford: A 112.36-acre lot listed at $15.9 million offers expansive development potential. Zillow
Cortlandt Manor: Parcels like a 1.06-acre lot priced at $59,000 present more accessible entry points for individual buyers or small-scale developers. Zillow
🔮 Outlook
The land market in Westchester County is poised to remain active throughout 2025, driven by sustained demand for residential development and limited available inventory. Both buyers and sellers should stay informed about market trends and be prepared to act decisively in this competitive environment.
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