New Rochelle Real Estate Market Report: May 2026 Trends & Expert Analysis
Welcome to your definitive guide to the New Rochelle real estate market for May 2026. As a premier Westchester real estate advisor, I monitor local metrics continuously to give our community actionable data. Whether you are looking to buy a home, sell your property, or invest in Westchester County, staying informed on current market dynamics is essential.
The local landscape shows contrasting trends across different property segments, highlighting the critical importance of localized knowledge. Let's break down the latest figures for single-family homes, condominiums, co-operative apartments, and multi-unit properties in the New Rochelle School District.
Single Family Homes
The single-family housing sector in New Rochelle continues to show resilient demand and strong valuation growth, making it a highly competitive segment for buyers.
- Unit Sales: There were 23 single-family homes sold in May 2026, marking a 4.5% increase compared to May 2025[cite: 263, 264].
- Median Sale Price: The median sale price reached a robust $1,350,000, reflecting a solid 6.8% increase year-over-year[cite: 270, 271].
- Days on Market (DOM): Homes moved slightly slower than last year, averaging 34 days on the market, which is an increase of 25.9%[cite: 305, 306].
- Median Sale Price per Square Foot: Renders at $493/SF, a minor contraction of 7.1% vs May 2025[cite: 313, 314].
- Inventory & Supply: Available single-family inventory decreased by 13.3% down to 72 homes [cite: 344, 345], maintaining a tight 2.94 months of supply (a 13.0% decline year-over-year)[cite: 351, 352].
- Listing Success: Impressively, 91% of listings were sold within 90 days, and 91% sold for over 95% of their initial listing price[cite: 296, 297].
Condo
The condominium market in New Rochelle saw exceptionally low transaction volume this month, paired with a faster velocity of sales for properties that traded hands.
- Unit Sales: Only 1 condo transaction closed in May 2026, registering a sharp 75.0% decline versus May 2025[cite: 14, 15].
- Median Sale Price: The median sale price for condos stood at $520,000, which represents a 5.6% increase compared to the previous year[cite: 22, 23].
- Days on Market (DOM): The velocity of transaction was rapid, with properties spending an average of just 14 days on market—a significant 60.0% reduction from last year[cite: 62, 63].
- Median Sale Price per Square Foot: Increased sharply to $500/SF, marking a notable 12.9% rise over May 2025[cite: 66, 67].
- Inventory & Supply: Available condo inventory dropped 15.4% to 22 units[cite: 95, 96]. Months of supply settled at 5.62 months, representing a year-over-year decrease of 22.6%[cite: 102, 103].
- Market Efficiency: Perfect baseline scores were achieved, with 100% of properties selling within 90 days of listing and 100% fetching over 95% of the list price[cite: 48, 49].
Multi Family
Multi-unit investment properties in New Rochelle are maintaining stable baseline pricing, although assets are taking substantially longer to cross the finish line.
- Unit Sales: Volume matched the condo segment with 1 recorded multi-unit sale, which is a 75.0% drop year-over-year[cite: 386, 387].
- Median Sale Price: Held steady at a premium level of $999,999, registering a 3.7% increase over May 2025 values[cite: 393, 394].
- Days on Market (DOM): Properties experienced prolonged listing durations, averaging 137 days on the market—a steep 813.3% surge compared to last year's environment[cite: 432, 433].
- Inventory & Supply: Total multi-family inventory contracted by 11.8% to 15 active listings [cite: 461, 462], pushing the months of supply metric up by 29.4% to a balanced 6.00 months[cite: 468, 469].
- Transaction Dynamics: Despite prolonged timelines, 100% of these properties ultimately commanded over 95% of their original listing price, though 0% closed within the immediate 90-day window[cite: 423, 424].
Co-op
Co-operative apartments presented a unique dynamic of escalating transaction volume coupled with price normalization, catering well to affordability-oriented buyers.
- Unit Sales: Co-ops were highly active, with 10 unit sales representing a strong 25.0% increase versus May 2025[cite: 139, 140].
- Median Sale Price: The median sale price dipped to $173,750, a year-over-year reduction of 20.1%[cite: 146, 147].
- Days on Market (DOM): Market velocity improved nicely, dropping 18.9% down to 60 days on market on average[cite: 190, 191].
- Median Sale Price per Square Foot: Settled at $222/SF, tracking a 10.9% decrease from the previous year[cite: 201, 202].
- Inventory & Supply: Co-op inventory remains limited at 57 units available (a 5.0% drop) [cite: 219, 220], with months of supply compression dropping 14.2% down to 4.75 months[cite: 226, 227].
- Success Ratios: Close to market standards, 80% of units sold within 90 days, and 90% closed for more than 95% of their asking price[cite: 172, 173].
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Thomas Roberts
Real Estate Agent | William Raveis
📞 (914) 755-9816
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