The Real Estate Market Forecast for 2025

Wondering what the new year and a new administration could mean for the Scarsdale real estate market? We asked Jonathan Lerner of Five Corners Properties for his outlook and here is what he shared:

As we move into 2025, Scarsdale’s housing market is poised for a year of steady, balanced growth, bolstered by recent election results that have provided clarity on tax policies and infrastructure funding. Known for its tree-lined streets, top-rated schools, and convenient commute to New York City, Scarsdale remains a hotspot for families and professionals seeking suburban charm and accessibility.

Though recent years saw rapid home price increases, we’re likely to see a calmer pace in 2025 as interest rates remain high, inventory rises, and the local tax environment stabilizes—giving buyers more room to breathe.

With the recent election, policy shifts at the state and local levels are expected to impact Scarsdale's housing market, particularly in areas like property tax credits and incentives for sustainable home improvements. These changes may encourage sellers to be more flexible in negotiations, enhancing opportunities for prospective buyers in a market where demand remains strong.

Scarsdale’s appeal continues to attract families and young professionals seeking a blend of suburban peace and urban convenience.Overall, Scarsdale remains a solid choice in 2025, with the election’s influence adding a layer of confidence to prospective buyers and sellers alike. While price growth may slow, Scarsdale’s timeless community feel and proximity to NYC ensure its ongoing popularity. The town’s unique mix of community, convenience, and comfort keeps it one of Westchester’s most desirable places to call home.

Sales:

2 Myrtledale Road  Discover this exceptional new construction designed by one of Scarsdale’s finest architects. Conveniently located near town recreation, pool, golf, playgrounds, commuter bus to NYC train & shopping. This stunning home features a versatile open floor plan & modern finishes throughout. The grand two-story entry hall w/soaring 19ft+ ceiling leads to an expansive family rm, open kitchen & dining area overlooking a lush 0.34-acre backyard w/stone patio & custom built-in outdoor kitchen & grill, perfect for seamless indoor-outdoor living. Other 1st level features include an open studio space w/separate entrance, powder rm & home office. 2nd level features the primary bedroom w/ensuite bath & oversized custom WIC. 4 add'l bedrooms & 3 add'l full baths & a laundry room complete this level. Walk up 3rd Level w/10 ft high ceiling offers 770 SF of add'l space (not included in Total SF) providing delightful and versatile bonus space. Embrace the future of luxury and modern flair in this stunning dream home! Additional Information: Amenities:Dressing Area,Marble Bath,Soaking Tub,Storage,ParkingFeatures:2 Car Attached

Sale Price: $2,700,000
Real Estate Taxes: $28,919
Assessment Value: $1,075,000

Featured Listings:

28 Farragut Road   This Heathcote gem is situated on a level, .21 acre lot on a dead end street within a 10 minute walk to Heathcote Elementary School, 5 Corners shopping and dining, the JCC community center with an indoor pool, worship and several nursery schools. This beautiful split level home has been lovingly maintained for over 50 years by the same owners. Enter the gracious foyer with coat closet and walk through a wide archway to the beautiful open living room with a wood-burning fireplace, built-in bar, cabinetry and bookshelves leading to the formal dining room, featuring a large dining area for celebrations and entertaining friends and sliding doors to a spacious screened porch, perfect for outdoor dining or relaxing. The white, cheerful kitchen has a large seating area and a door to the backyard. Up just a short flight of stairs is a large primary bedroom with a walk-in closet and ensuite bathroom with shower, two generously sized bedrooms, one of which is currently used as an office, and a hall bathroom. Ascend a few more steps to a bedroom and full hall bath and a walk-in storage room. A welcoming family room with built-in cabinetry and bookshelves plus a two-car attached garage is just a few steps down from the entry hall. Descend a few more steps to the large laundry room, utilities and expansive storage room. The backyard is level and private with mature plantings. All the kids in the neighborhood access Heathcote Elementary School via a side path off of Lincoln Road. You can also walk through a path at the other end of Farragut Road leading right to Westchester Reform Temple with its wonderful nursery school, Saint Pius Church, Aspen and Crossways Parks, playgrounds and tennis courts along with the Scarsdale Outdoor Pool Complex and the Little School Nursery School. The 5 Corners shopping area, the JCC with indoor pool, nursery school and kids activities, and two other shopping centers are within a 10 minute walk. Centrally located within Scarsdale on such a tranquil, friendly street and within a short walk to so many amenities, this fantastic home is in an A+ location, lovely condition and will provide the next homeowner with many more years of happiness.
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Listing  Price: $1,475,000

193 Nelson Road   Move right in to this exceptional, fully renovated colonial, a seamless blend of charm and modern luxury, designed for open-concept living. Ideally located close to schools, shops, transportation, and recreational spaces, this home offers both convenience and a true sense of community. Step into the inviting entry hall with two spacious closets, setting the stage for the warmth and sophistication throughout. The living room, centered around a cozy wood-burning fireplace with an electric insert, flows effortlessly into the expansive gourmet kitchen and family room. This area, complete with a dining area that overlooks the private backyard, is perfect for both intimate dinners and lively gatherings. A versatile bedroom or office space and a stylish powder room complete the main level. Upstairs, the oversized luxurious primary suite with 16 feet high ceilings awaits, a true retreat featuring a dramatic cathedral ceiling, a dedicated coffee center with fridge, abundant storage, a second fireplace, and a spa-like bathroom designed to rejuvenate. The suite’s numerous closets, including a unique open attic closet above, ensure that every item has its place. Two additional family bedrooms, a newly updated bathroom, and a convenient laundry room round out the second level. The lower level is finished with a spacious playroom, ideal for entertainment or relaxation. This home has been crafted with every detail considered to provide a beautiful, functional, and inviting space for everyday living.
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Listing Price: $1,588,000