Hudson Valley Real Estate Market Trends - February 2025

Hudson Valley Real Estate Market Trends - February 2025

Hudson Valley Real Estate Market Trends - February 2025

The Hudson Valley real estate market continues to evolve as we move into 2025. With a mix of rising home prices, increased inventory in some areas, and shifting buyer dynamics, the region remains a focal point for both buyers and sellers. Here's a snapshot of the latest trends and insights shaping the market this month.

Key Highlights

  • Home Prices: The median home price in Hudson, NY, rose to $600,000 in December 2024, marking a 28.2% year-over-year increase. Prices for larger homes (4-5 bedrooms) saw significant growth, with increases of over 50% in some cases.
  • Inventory Trends: While inventory remains tight overall, certain segments like two-bedroom homes saw a notable 22.2% increase in availability in December 2024 compared to the previous month.
  • Sales Activity: Single-family home sales across the lower Hudson Valley experienced double-digit growth in December 2024. Sullivan County led the way with a remarkable 49.1% increase in sales.
  • Buyer Dynamics: The market is becoming more balanced as inventory grows and mortgage rates stabilize around 5.9%. This is expected to attract more millennial buyers entering their prime homebuying years.
Hudson Valley Real Estate

Regional Insights

The Hudson Valley's appeal continues to draw buyers from urban areas like New York City. High-income professionals find the region's housing prices relatively affordable compared to city living costs. This influx has contributed to robust demand and rising prices in areas like Ulster County.

Meanwhile, Westchester County maintains its position as one of the most expensive markets in the region, with a median single-family home price of $911,500 as of December 2024—a 6% increase from the previous year.

Looking Ahead

Experts predict continued growth in home prices throughout the Hudson Valley in 2025, albeit at a slower pace. Increased inventory and new construction are expected to provide more options for buyers while maintaining steady demand.

If you're considering buying or selling in the Hudson Valley, staying informed about these trends will help you make strategic decisions in this dynamic market.

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