Yonkers, New York Housing Market

How much can you negotiate in Yonkers?

Only 13 out of every 100 homes for sale have found a buyer. The other 87 are still waiting. Your offer may be the only one on the table. Few sellers are dropping their price. Asking prices are holding firm. Your discount will come from one stale listing, not from the whole market.

A typical Yonkers home takes 42 days to find a buyer. Half of them take even longer. That is 5% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago. There are 236 homes for sale in Yonkers. That is 1.6 times the tightest month on record, but below the peak of 494. Supply is growing against last year.

What to do about it

• Search Yonkers homes listed 60+ days ago that have already cut their price.
• Offer below the reduced price.
• Keep your inspection and financing contingencies.
• Ask the seller to pay closing costs.
• You can lose a few offers here and still win.

Is now a good time to buy in Yonkers?

Asking prices are 30.4% below their Aug 2025 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. Yonkers prices rose in only 71 of the last 108 months. This market goes up and down. Timing matters here. Growth will not rescue a bad price.

There is no rush. Prices are still coming down. Watch the homes you like. Come back after they cut. Let the seller move first.

Who will rent from you in Yonkers?

Most Yonkers households rent. 57 out of every 100 households are renters. That share has held steady for five years. Just 3.9% of homes sit empty. A well-priced rental fills fast here.

The median Yonkers household earns $81,278 a year. Incomes here have grown 5.7% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 4.2 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. A tenant on the median income can pay about $2,032 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.

What numbers should you underwrite a Yonkers deal with?

• Price growth to assume — +2.4%/yr. 1 year: -2.8% · 5 years: +2.4% · ten years: +5.2%. Do not use the ten-year rate. Most of that growth landed in the 2020 and 2021 boom. The five-year rate is what Yonkers does without one. Underwrite closer to +2.4%. Measure growth per square foot. Yonkers median list price grew 3.9% a year, but price per square foot grew 5.2%. The gap is smaller homes, not weaker growth. The house you buy will not shrink. The one-year rate is a timing signal. It is not an underwriting input.
• Months of carrying cost — 2. A typical home takes 42 days to sell. Budget that long when you exit or refinance. It is 5% slower than a year ago.
• Odds you cut your price to sell — 1 in 9. About 11% of homes on the Yonkers market right now have already cut their asking price. Assume you are one of them when you sell. Do not underwrite an exit at your asking price.
• Comp on this, not median price — $294/sqft. The average listing runs +31% above the median. Luxury homes skew it. Comp your own size class per sqft.
• Competition when you exit — +14%. That is how much the number of homes for sale grew in a year. Your resale will face a bigger crowd than today's comps did.
• Price-to-income ratio — 4.2×. A typical home costs 4.2 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. Incomes are rising faster than home prices. Affordability is improving.
• Tenant rent ceiling — $2,032/mo. 30% of the median household income of $81,278. Rents above this line shrink your tenant pool fast.

Is Yonkers a buyer's or seller's market in 2026?

Yes, if you negotiate. Buyers have the upper hand in Yonkers right now. 0.13 out of every 100 homes for sale have a buyer, 11% of sellers have cut their price, and a typical home takes 42 days to sell.

Are Yonkers home prices going up or down?

Asking prices are 30.4% below their Aug 2025 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.

What price growth should I assume for Yonkers?

+2.4%/yr. 1 year: -2.8% · 5 years: +2.4% · ten years: +5.2%. Do not use the ten-year rate. Most of that growth landed in the 2020 and 2021 boom. The five-year rate is what Yonkers does without one. Underwrite closer to +2.4%. Measure growth per square foot. Yonkers median list price grew 3.9% a year, but price per square foot grew 5.2%. The gap is smaller homes, not weaker growth. The house you buy will not shrink. The one-year rate is a timing signal. It is not an underwriting input.

How fast are homes selling in Yonkers?

A typical Yonkers home takes 42 days to find a buyer. Half of them take even longer. That is 5% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago.

Is Yonkers a renters' market or an owners' market?

Most Yonkers households rent. 57 out of every 100 households are renters. That share has held steady for five years. Just 3.9% of homes sit empty. A well-priced rental fills fast here.

What rent can Yonkers tenants afford?

A tenant on the median income can pay about $2,032 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Yonkers household earns $81,278 a year.