Yonkers Housing Market: Tight Supply, but Buyers Are More Selective

The Yonkers housing market still leans toward sellers in February 2026, but it is not as overheated as it was a year ago. Inventory remains limited enough to support home prices, yet buyers are pushing back more when listings miss the mark. That makes this a firm market, not an easy one for buyers, but also not a market where every seller can count on bidding up the price.

Active inventory fell 4% to 238 homes, and months of supply dropped to 2.6 from 3.9. Buyers still do not have many choices in Yonkers, which is helping keep the market tight even as buyers act more selectively.

New listings declined 23% to 72 from 93. Fewer fresh homes for sale are one reason sellers still have support and buyers are not seeing a broad opening in the market.

Pending sales rose to 88 from 73, and closed sales increased to 91 from 64. Demand improved from February 2025, but that stronger activity has not brought back the same level of broad bidding pressure.

The average home sold for about 100% of list price, and the share of listings with price cuts fell to 11% from 17%. At the same time, the share of homes selling above list price slipped to 32% from 36%, showing that well-priced homes are still moving, but buyers are no longer rewarding everything.

The median home price was $602,000, down 3% from a year ago, while price per square foot rose about 1% to $311. Home prices are still holding at elevated levels overall, but the market is no longer lifting all listings equally.

Active inventory fell from 275 in January to 238 in February, and months of supply dropped from 3.3 to 2.6. Buyers had fewer options this month, which kept the market from loosening.

Pending sales rose from 77 to 88, and closed sales increased from 84 to 91. Buyers were still active even as selection narrowed, reinforcing the seller-leaning tone of the market.

Median days on market fell from 59 to 46. Homes moved faster this month, though that does not mean buyers have to chase every listing.

The median listing price rose 14% to $474,500, but median listing price per square foot fell 5% to about $317, and the share of homes selling above list price slipped from 38% to 32%. Sellers are testing higher asking prices, while buyers remain choosy about which homes deserve a premium.

The share of listings with price drops eased from 14% to 11%. That supports the idea of a firm market, but not one where sellers can ignore buyer resistance.

Move quickly on homes that are well-priced, well-presented, and likely to attract broad interest. Yonkers still has limited inventory, and the better listings are not sitting around for long.

Be patient on homes that look overpriced or slow to get attention. Buyers have more room to negotiate than they did a year ago, especially when a seller is testing the market instead of matching current demand. The key is to separate the listings that are truly competitive from the ones that are reaching.

Price your home for the market you have now, not the one sellers had a year ago. Buyers in Yonkers are still paying close to asking on average, but fewer homes are getting above-list outcomes, so ambitious pricing is less likely to be rewarded across the board.

Watch early feedback closely. If your listing gets strong interest right away, that is a sign you found the market. If activity is weak in the first couple of weeks, adjust before the home goes stale. This market is still rewarding realistic pricing more than wishful pricing.

Yonkers remains a seller-leaning market, with tight supply still doing most of the work to support home prices.

The clearest signal to watch in the next monthly update is inventory. If active listings start rising meaningfully, buyers should gain more leverage and sellers may need to price more carefully. If inventory stays tight, the current pattern should hold: firm home prices, but selective demand.