Yonkers, NY Housing Market Report

The Yonkers real estate market entering December 2025 remains a competitive environment that slightly favors sellers, characterized by a perfect sale-to-list ratio of 1. This indicates that, on average, homes are selling for exactly their asking price, reflecting a balanced negotiation landscape where inventory is meeting demand without significant price slashing. While active inventory has seen a modest increase of 3.27% year-over-year to 36,227 units, the market remains tight enough to sustain upward pressure on valuations.

Price trends in Yonkers have shown remarkable consistency over the second half of 2025. Starting at $647,037 in July, the median home value has climbed steadily every month to reach $664,232 in December, representing a 4.34% annual appreciation. This steady growth is mirrored in the rental sector, where median rents have outpaced home value growth with a 5.6% year-over-year increase. These trends are largely driven by the city's strategic position within the New York-Newark-Jersey City metro area, serving as a primary destination for those seeking relative value compared to Manhattan and Brooklyn.

Looking ahead, the market appears to be entering a phase of stabilization. The average time a property spends on the market has increased to 76 days, up three days from the previous year, suggesting that buyers are becoming more selective and taking additional time for due diligence. For sellers, this means that while prices are at record highs, proper staging and realistic initial pricing are essential to avoid prolonged listing periods. For buyers, the slight uptick in inventory and days on market provides a small window of opportunity to negotiate, though they should expect to pay full list price for well-maintained properties in desirable neighborhoods.