Real Estate: What You Can Afford In Westchester At Each Price Point

We scoured the county—and talked to the experts—to find out what types of homes your money can buy today in Westchester.


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Photo By Tim Lee Photography

The spring home-buying season is upon us. So, what should we expect this year? What you get for your money depends on where you are looking, of course—and this being Westchester, your dollar will never go quite as far as you’d like.

At press time, the median sale price for a single-family home in Westchester was $625,000—but prices vary widely throughout the county, even within a single community. In Yonkers ($430,000  median) and Elmsford ($470,000 median), for instance, you get a lot of bang for your buck, but you'll need much deeper pockets to afford areas like Rye ($1.675 million median) or Bronxville ($2.175 million median).

But homebuying is not just about price. “Hot communities now are driven by distance and commuting, a feeling of community, and the perceived desirability of the school district,” notes Amy Singer, licensed real estate salesperson with William Raveis Real Estate in Armonk and Scarsdale. Singer notes that always-popular towns like Larchmont (“a walkable, charming village”), Rye (“right on the water”), and Scarsdale/Edgemont (“top schools”) continue to draw buyers. “Today, the Rivertowns are also in demand, because there is a perception of young, hip, down-to-earth areas there,” she adds.

Westchester’s luxury-home market has picked up, according to Dalia Valdes, licensed associate real estate broker at Julia B. Fee Sotheby’s International Realty in Rye, who points to an uptick in these sales—and ample available high-end properties.

So, if you’re in the market for Westchester residential real estate this year, here's a sample of what’s out there, at three key price points in the county: $500,000, $1 million, and $3 million.

Happy house-hunting!

$500,000

The overview: Buyers in this price range will have to embrace fixer-uppers, small homes with small lots, or lower-ranked school districts. Co-ops or condos may be a better option. Single-family-home diehards may want to head north.

“In lower Westchester, for $500,000, you’re not going to find a single-family home in the condition most people want,” Singer says. “In White Plains, you can find some cheap starter homes, but you’re still looking at the upper-$500,000-$600,000 range for a home in good shape.” Singer recommends co-ops or condos as another way to go at this price range. “If you want to be in a hot-spot, like Larchmont, you could buy a two-bedroom co-op with that budget but not a single-family home,” she says.

In sought-after towns like Bronxville, for instance, even the co-op/condo options are limited at this budget. “You might get a three-bedroom home in a Bronxville postal code but not in Bronxville proper, and most likely you will get a co-op with no parking, and you’ll have to do work on the unit,” Valdes says. 

The best advice for homebuyers with a $500,000 max budget may be to head north. “The further north you go, the easier it will be to find a home in that budget,” Singer says.

22 Smith Rd
Cortlandt Manor
$500,000
 4 BR, 2.1 BA, 3,323 sq ft, 1.98 acres
$16,698 estimated taxes
More info here

18 Lincoln Ave
Somers
$490,000
4 BR, 2 BA, 2,373 sq ft, .39 acres
$10,300 estimated taxes
More info here

354 King St
Chappaqua
$499,500
3 BR, 2 BA, 1,420 sq ft, .21 acres
11,499 estimated taxes
More info here

52 Webster Ave, Apt 5
New Rochelle
$499,000 
1 BR, 1 BA, 1,736 sq ft 
$2,700 estimated taxes
More info here

514 Nelson Ave
Peekskill
$499,000
4 BR, 2 BA, 2,100 sq ft, .17 acres
$10,294 estimated taxes
More info here

$1 million

The overview: In most places, a million bucks gets you one heck of a home; in Westchester, expect something a little less fabulous. You’ll find plenty of large homes, but many are dated. In the most desirable communities, you may even have to settle for a smaller home that still needs renovating.

According to Singer, the $1 million price point is about where you need to be to purchase an attractive home in many Westchester towns. “For a decent modern home in a lot of hot communities, like Scarsdale, Rye, Larchmont, and Irvington, you’re cresting from $900,000 and into $1 million for a home in better condition,” she says. 

Million-dollar listings might sound like they’ll deliver a lot of bang for your buck, but the truth is that you’ll have to bang in some nails on many of these homes. “For $1 million, you’ll get a nice home, but in many cases, it’s going to need some work,” Valdes notes. In the Rivertowns, for instance, that budget will get you about 2,500 square feet, she says, but not in a historic home. “You may get a split or a ranch, and it still might need some work,” she explains.

11 Carlton Drive
 Mount Kisco
 $999,000
4 BR, 2.1 BA, 3,067 sq ft, .77 acres
$23,971 estimated taxes
More info here

8 Little Mountain Rd
North Salem
$999,500 
4 BR, 3.2 BA, 4,191 sq ft, 5.41 acres
$30,136 estimated taxes
More info here

75 Glendale Rd
 Ossining
$999,950
4BR, 3.1 BA, 3,423 sq ft, 4.1 acres
$26,156 estimated taxes
More info here

2028 Quaker Ridge Rd
Croton-on-Hudson
$995,000
 4 BR, 2.1 BA, 3,893 sq ft, 2.3 acres
$26,450 estimated taxes
More info here

658 Wolfs Lane
Pelham
$999,000
3BR, 2.1 BA, 2,167 sq ft, .39 acres
$27,300 estimated taxes
More info here

$3 million

The overview: As the saying goes, you get what you pay for, and when you’re paying $3 million, you get a lot—even in Westchester.

If you’re working with a $3 million budget, your housing options have opened up substantially, all across Westchester. “If you are looking for a home in Armonk, Chappaqua, or Briarcliff, for example, you can get a new-construction luxury home with a three-car garage and a pool for that price,” says Singer. She adds that “high-end buyers have a lot to choose from, and they are still getting really good values.”

According to Valdes, the high-end luxury market in Westchester was silenced at the end of 2015. “But it has picked up again; we’re seeing an uptick now,” she says.

98 Fargo Lane
Irvington 
$2,999,999 
5 BR, 5.1 BA, 4,183 sq ft, 1.25 acres
$86,513 estimated taxes
More info here

134 Boutonville Rd
 Pound Ridge 
$2,995,000
5 BR, 8.1 BA, 5,923 sq ft, 10.05 acres
$70,241 estimated taxes
More info here

1 Sycamore Lane
White Plains
$2,950,000 
5 BR, 4.2 BA, 5,026 sq ft, 3.74 acres
$36,443 estimated taxes

22 Pryer Manor Rd
Larchmont 
$2,995,000 
5 BR, 3 BA, 3,974 sq ft, .96 acres
$39,532 estimated taxes

156 Sleepy Hollow Rd
Briarcliff Manor 
$2,995,000 • 5 BR, 4.1 BA, 5,477 sq ft, 2.64 acres
$64,768 estimated taxes

 

 

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