Condo vs. Co-op in Westchester: 2025 Market Snapshot and Smart Tips for Buyers & Sellers

White Plains & New Rochelle Condo and Co-op Market Update

Whether you're planning your first home purchase or thinking about downsizing, understanding the difference between condos and co-ops—and knowing what’s happening in the local market—can help you make a confident move.

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Condo vs. Co-op: Understanding the Difference

Condominiums (Condos)

• Ownership: You own your unit outright and receive a deed—like owning a house.
• Financing: Typically easier to finance with fewer board restrictions.
• Flexibility: Easier to rent or sell with limited board oversight.

Co-operatives (Co-ops)

• Ownership: You own shares in a corporation that owns the building, and receive a proprietary lease to live in your apartment.
• Community: Co-ops tend to have stronger community involvement and may offer lower prices.
• Board Review: Approval is usually required for purchase, renovations, or subletting.

Key takeaway: Choose a condo if you prefer flexibility and independent ownership; choose a co-op if you value affordability and a more community-based environment.

Market Snapshot: October 2025

🏙️ White Plains

Condos

Median Sale Price: $428,000
Units Sold: 13 (up 62.5% YoY)
Median Price/SqFt: $483
Months of Supply: 4.09

Co-ops

Median Sale Price: $230,000
Units Sold: 15 (up 15.4% YoY)
Median Price/SqFt: $280
Months of Supply: 3.23

🌆 New Rochelle

Condos

Median Sale Price: $490,000 (up 25.6%)
Units Sold: 8 (up 166.7%)
Median Price/SqFt: $433
Months of Supply: 3.00

Co-ops

Median Sale Price: $240,000 (up 12.9%)
Units Sold: 11 (down 21.4%)
Median Price/SqFt: $263
Months of Supply: 3.82

Source: OneKey® MLS data (via William Raveis LHD Reports, October 2025). Median values are for the White Plains and New Rochelle School Districts. Data may vary by building and property size.

What This Means for You

• First-time buyers: Co-ops continue to offer a more affordable path into Westchester homeownership, while condos give added flexibility for resale or investment.
• Downsizers: With inventory tightening, both White Plains and New Rochelle offer appealing options near shopping, dining, and train lines for easier living.
• Sellers: Homes priced correctly are moving fast—most within 90 days—and the majority are selling at or near list price.

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Connect with Thomas Roberts

Whether you're exploring your first home or planning a downsize, I’ll help you navigate the Westchester market with clarity and care.

Thomas Roberts
Realtor® | William Raveis – New York LLC
thomas.roberts@raveis.com · 914-755-9816 · Linktree

This post offers general market information and does not constitute legal advice. Please consult a qualified professional for personalized guidance.

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