Chappaqua and Northern Westchester Q1 2026 Market Update

By Ted Holmes

Edward “Ted” Holmes is a Licensed Associate Real Estate Broker and founder of The Holmes Team at William Raveis Real Estate, serving Chappaqua and Northern Westchester County, NY. With 25 years licensed, 456 career transactions, and consistent top-ranking production statewide, he is a recognized expert in residential, luxury, and commercial real estate.

Nationally, the housing market continues to face affordability pressure, elevated mortgage rates, and slower transaction volume. But here in Westchester County, particularly throughout Chappaqua and Northern Westchester, the market continues to demonstrate remarkable stability.

Whether you’re thinking about buying, selling, or simply trying to stay informed, here’s a quick, data-driven snapshot of what’s happening in our local market right now. I’m looking at the first quarter of 2026 market statistics, comparing the 12-month period ending March 2026 to the same period in 2025.

Westchester County single-family home market. According to OneKey MLS data, closed sales increased slightly, with 4,616 homes sold over the past 12 months compared to 4,492 the year before, a 3% increase year over year. The median sale price climbed to $999,000, up from $937,000 last year, representing a 6% increase in home values.

Inventory remains extremely limited. At the end of the first quarter, there were just 852 homes available for sale countywide, essentially unchanged from last year. Homes are continuing to move relatively quickly, with the average days on market around 37 days. And months of supply remain very low at just 2.2 months, reinforcing that buyer demand continues to outpace available inventory.

What this means for sellers. Market conditions still remain very favorable. Well-priced homes continue to attract strong interest, and buyers are still competing across many price ranges. Nearly 47% of homes in Westchester are still selling over asking price. This is a strong position for sellers, especially heading into the spring market.

What this means for buyers. Preparation and strategy remain critical. The buyers who are most successful today are financially prepared, fully pre-approved, and ready to move decisively when the right opportunity comes to market. With inventory this tight and homes moving in just over a month on average, hesitation can cost you the home you want.

Every town, neighborhood, and price point behaves differently. One thing I always remind people is that Northern Westchester is not one market. Every town, every neighborhood, and even every price point can behave differently. The countywide data tells one story, but your specific situation may look very different depending on where you’re looking or where your property is located.

If you’d like a personalized market analysis or want to better understand what your home could realistically sell for in today’s market, I’d be happy to help. You can also get a free home value report to see where your property stands right now. Reach out at (914) 548-6179, email ted.holmes@raveis.com, or visit blog.theholmesteamny.com.