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Westchester Home Prices Pushed to Record High By Bidding Wars
- New York City-dwellers seek space for pandemic-era remote life
- Average size of homes that sold was the largest in 30 years
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Home prices in Westchester County surged to a record in the third quarter as bidders from New York City battled for a chance to buy a suburban retreat.
The median price of single-family homes that changed hands in the quarter jumped 16% from a year earlier to $808,500, the highest in data going back to 1986, according to a report Thursday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate.