NY Metro Housing Market Shows Steady Momentum Amid Regional Price Swings
FARMINGDALE, NY—The August 2025 housing market across the OneKey MLS regional coverage area demonstrated steady momentum, with notable month-over-month price gains in several counties despite a modest dip in overall closed sales.
According to the latest data released on Oct. 11 by OneKey MLS, the median sales price for single-family homes rose 5.3% year-over-year to $774,000, while the overall median price for all property types climbed 5.2% to $710,000. Days on market continued to decline, now averaging just 40 days for single-family homes, signaling sustained buyer demand.
Month-over-month comparisons revealed significant regional variation. Sullivan County led the surge with a 16.4% jump in median home prices, followed by Putnam County with an 11.3% increase. Dutchess, Nassau, and Suffolk counties also posted gains between 1.7% and 4.9%.
In contrast, Westchester and Rockland counties saw price declines of 4.3% and 7.1%, respectively, suggesting a possible seasonal adjustment or buyer pushback at higher price points.
Closed sales across all property types dipped 2.8% from July, with single-family homes down 2.5%, condos down 3.4%, and co-ops down 4.1%. Inventory levels also contracted slightly, with single-family listings down 3.3% month-over-month, contributing to tighter market conditions.
Richard Haggerty, CEO of OneKey MLS, commented: "While we’re seeing some cooling in transaction volume, the upward pressure on prices—especially in more affordable counties—reflects a market still driven by demand and limited inventory. Buyers are recalibrating, and sellers are adjusting expectations, but the fundamentals remain strong.”
He continued, “The regional diversity in pricing trends underscores the importance of hyperlocal market knowledge for both consumers and professionals.”
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