The luxury real estate market across Westchester, Putnam, Dutchess, and Fairfield County remained strong in the third quarter, with rising transaction volume, competitive pricing, and robust demand. Sellers continued to benefit from low inventory, fast-moving deals, and above-ask sale prices in most areas. according to the Houlihan Lawrence Q3 Luxury Market Report.
According to the report, Westchester County recorded 292 luxury sales ($2M+), a 13% increase year over- year. Homes sold at an average of 104.4% of asking price, spending just 32 days on market. While the median sale price dipped slightly to $2.6M, strength in the $5M–$10M segment and steady activity in the $3M–$5M range underscore sustained buyer appetite.
Putnam and Dutchess Counties posted a 61% jump in $1M+ sales in Q3. Median price declined 10% to $1.3M, influenced by increased activity at the entry luxury level. However, homes sold quickly and competitively at 103% of asking.
Greenwich, CT saw a slight 3% dip in sales but a median sale price increase of 11% to $4.8M. The average price per square foot jumped 12% to $1,008. Homes sold faster and demand was strong.
Darien, New Canaan, and Rowayton collectively experienced strong luxury activity in Q3. Darien led with a 35% increase in sales, driven by a surge in $2M–$3M transactions. New Canaan followed with a 34% rise in sales while Rowayton remained steady. Across all three, homes sold quickly and often above asking, underscoring continued buyer demand in coastal and suburban luxury markets.
“Overall, the Q3 luxury market remains highly active, with fast absorption rates, limited supply, and notable gains in high-end price bands. While median prices fluctuated slightly in some areas, strong demand and low inventory suggest continued momentum into Q4,” said Houlihan Lawrence President & CEO Liz Nunan.
Q3 2025 LUXURY MARKETS AT A GLANCE (Q3 2025 vs Q3 2024)
Westchester County Luxury Home Sales /$2M and Higher
Homes Sold: Up 13.2%
Median Sale Price: Down 2.2%
Q3 Highest Sale Price: $7,675,000 Rye City
Putnam and Dutchess County Luxury Home Sales /$1M and Higher
Homes Sold: Up 60.5%
Median Sale Price: Down 10.3%
Q3 Highest Sale Price Putnam: $2,300,627 Mahopac
Q3 Highest Sale Price Dutchess: $3,850,000 Rhinebeck
Greenwich Luxury Home Sales /$3M and Higher
Homes Sold: Down 3.4%
Median Sale Price: Down 10.3%
Q3 Highest Sale Price: $43,500,000 Greenwich
Darien Luxury Home Sales /$2M and Higher
Homes Sold: Up 35%
Median Sale Price: Up 1.4%
Q3 Highest Sale Price: $13,428,423
New Canaan Luxury Home Sales /$2M and Higher
Homes Sold: Up 34.2%
Median Sale Price: Up 13.3%
Q3 Highest Sale Price: $8,586,000
Rowayton Luxury Home Sales /$2M and Higher
Homes Sold: 0%
Median Sale Price: Up 13.3%
