The average single family home in the Eastchester School District is a 1,926 square foot 3 Bedroom, 2 and a half bath home. The median sales price has increased over the last six months within the area from 739,000 to 750,000, reflecting a 1.47% increase in the average yield that sellers are capturing the current market.
The average days on market currently within the Eastchester School District in 41 days, with move-in-ready homes flying off the market reflecting a high demand not only for Eastchester but Westchester County as a whole.
It’s a great market to be a seller, and a rather competitive market to be a buyer, many sellers are apprehensive to put their homes on the market in fear that they will be unable to find a new home to move into.
Interest rates remain at an all time low, which is great for purchasers, and the job market has become increasingly good in the countries economic recovery, though we definitely would like to see a more balanced housing market for our potential first time home buyers and millennials that are making up a third of the purchasers for new homes according to the National Association of Realtors(NAR.)