Hastings-on-Hudson, N.Y.: An Inclusive Community on the River

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Many of the residents in this Westchester County village are city transplants, drawn by the creative, environmentally conscious vibe.

The New York Times - Real Estate

He described the village as a place where it’s “the hardest to buy and the easiest to sell — there is always low inventory and a lot of demand.”

As the pandemic surged last spring, the demand escalated, said Melissa Palley, an agent with Compass’s Francie Malina Team. “We had bidding wars and people buying houses sight unseen. Then, once things started opening up, we saw less panic-buying and more pushback on pricing. Now we have some people looking and some saying they are going to wait till spring. Inventory is still low, but the market is returning to a more normal pace.”

Data provided by the Hudson Gateway Multiple Listing Service showed that as of Dec. 23, there were 10 single-family homes on the market, from a 1,550-square-foot, two-bedroom colonial, built in 1928 on 0.47 acres and listed at $310,000, to a 4,642-square-foot, four-bedroom house, built in 1989 on 0.45 acres, for $2.15 million. There were no multifamily homes for sale. There were three condominiums listed: a 694-square-foot one-bedroom for $260,000, a 2,500-square-foot two-bedroom for $719,000 and a 1,443-square-foot two-bedroom for $930,000. There were seven co-op apartments on the market, from a 750-square-foot one-bedroom for $189,000 to a 1,001-square-foot two-bedroom for $329,000.

As for rentals, there were nine homes available, from a 750-square-foot, one-bedroom apartment for $1,700 a month to a 1,149-square-foot, three-bedroom single-family home for $4,400.

The median sales price for a single-family home during the 12-month period ending Dec. 23 was $827,500, up from $755,000 during the previous 12 months. The median for a multifamily home was $712,000, down from $750,000 in the previous 12 months; for condominiums, the median was $672,500, down from $700,000; and for co-ops, the median was $235,000, down from $387,500. The median monthly rental was $2,650, up from $2,575.

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