As a homeowner in Yonkers considering selling your property, understanding the current market dynamics is crucial to achieving a successful sale. This guide provides an overview of the latest trends in the Yonkers real estate market and offers actionable strategies to help you maximize your property’s value.

Current Market Overview

The Yonkers housing market has experienced significant growth. In December 2024, the median home price reached $601,250, marking a substantial 71.8% increase compared to the previous year. Homes are selling faster, with an average of 44 days on the market, slightly up from 41 days the prior year. However, the number of homes sold decreased from 109 to 96 during the same period. 

As of January 2025, the median sold price in Yonkers was $516,778, reflecting a 12.7% increase from the previous year. The market remains competitive, with properties typically going under contract within 40 days. 

Actionable Strategies for Sellers

1. Enhance Curb Appeal: First impressions are vital. Ensure your home’s exterior is well-maintained by keeping the lawn manicured, trimming bushes, adding fresh mulch, and addressing any driveway issues. A freshly painted front door or updated hardware can also make a significant difference. 

2. Stage Your Home: Decluttering and depersonalizing your space allows potential buyers to envision themselves living there. Consider professional staging or simple DIY touches like rearranging furniture to create a welcoming atmosphere. 

3. Set a Competitive Price: Pricing your home appropriately is crucial. Listing at or slightly below market value can attract more buyers and potentially lead to multiple offers, driving up the final sale price. 

4. Invest in Minor Upgrades: Focus on cost-effective improvements that offer high returns, such as updating kitchen hardware, regrouting bathroom tiles, or installing energy-efficient lighting. These enhancements can increase your home’s appeal without significant investment. 

5. Leverage Professional Photography: High-quality images are essential in today’s digital market. Professional photos can showcase your home’s best features and attract more potential buyers online. 

Conclusion

The Yonkers real estate market presents a promising opportunity for sellers. By implementing these strategies, you can enhance your property’s appeal and increase the likelihood of a successful sale. For a personalized consultation and free property evaluation, contact Rafael Barbosa today.