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Brokerage
Posted: February 27, 2026
Houlihan Lawrence releases 2025 Luxury Market Report
Rye Brook, NY The luxury real estate market in 2025 remained strong and dynamic across communities north of New York City, reflecting sustained demand for exceptional homes in the region’s most sought-after locations, according to the Houlihan Lawrence Full Year 2025 Luxury Market Report.
In Westchester County, luxury home sales priced at $2 million and above increased 17.5% year over year. Competitive conditions persisted throughout the year, with properties trading at an average of 102% of list price and an average time on market of just 54 days. Notably, activity at the highest end of the market accelerated significantly, as sales of homes priced at $5 million and above nearly doubled, underscoring continued confidence among top-tier buyers.
Putnam and Dutchess Counties also recorded robust luxury market performance.
Sales of homes priced at $1 million and above rose 18.4%, while average days on market declined to 92 and sale-to-list price ratios improved. These trends reflect the enduring appeal of the region for buyers seeking space, value, and a refined suburban lifestyle.
Greenwich continued to distinguish itself as a premier luxury market. Full-year sales of homes priced at $3 million and above increased 15.6% and notably, transactions above $10 million more than doubled. In Darien and New Canaan, luxury sales priced at $2 million and above rose 47.9% and 26.7%, respectively.
“Looking ahead to 2026, the outlook for the luxury market remains positive, with sales activity and pricing expected to continue their upward trajectory. We remain dedicated to guiding our clients with thoughtful insight, discretion, and unparalleled expertise at every stage of their real estate journey,” said Houlihan Lawrecne president & CEO Liz Nunan.
LUXURY MARKETS AT A GLANCE (2025 vs 2024)
Westchester County Luxury Home Sales /$2M and Higher
Homes Sold: Up 17.5%
Median Sale Price: Down 0.2%
Q4 Highest Sale Price: $11,300,000 Byram Hills
Putnam and Dutchess County Luxury Home Sales /$1M and Higher
Homes Sold: Up 18.4%
Median Sale Price: Down 7.8%
Highest Sale Price Putnam: $3,411,000 Haldane
Q4 Highest Sale Price Dutchess: $6,250,000 Millbrook
Greenwich Luxury Home Sales /$3M and Higher
Homes Sold: Up 15.6%
Median Sale Price: Up 8.9%
Q4 Highest Sale Price: $40,000,000 Greenwich
Darien Luxury Home Sales /$2M and Higher
Homes Sold: Up 47.9%
Median Sale Price: Down 2%
Q4 Highest Sale Price: $26,500,000
New Canaan Luxury Home Sales /$2M and Higher
Homes Sold: Up 26.7%
Median Sale Price: Up 9.6%
Q4 Highest Sale Price: $10,025,000
Rowayton Luxury Home Sales /$2M and Higher
Homes Sold: 0
Median Sale Price: Down 9.3%.
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