Yonkers Real Estate Market Overview
Public School Ranking:
Selling a home in Yonkers, NY
The median home value in Yonkers is $538,412, but this number is predicted to fall by 1.9% within the next year. The smartest time to sell a home in this city is during July. July sales are 14.89% higher than the average, and 20 days quicker than any other month. With an iBuyer, your home could be sold within 24 hours. iBuyers purchase homes from residents interested in an expedited sale. They’ll provide you with an instant, all-cash offer and will handle repairs, showings, and the staging of your home. You won’t have to deal with open houses, realtor fees, or cleaning. iBuying is one of the few methods that can guarantee a fast home sale, no matter when it is you decide to sell.
Location & Weather
Yonkers location is in Westchester County, and is the 4th largest city in New York. It sits along the Hudson River, and is in close proximity to New York City. There are five major highways that connect Yonkers to the rest of Westchester County, and it’s only a 25-minute drive from downtown Manhattan. This city is one that’s consistently expanding, and has an abundance of new apartment buildings, small businesses, restaurants, shops, parks, as well as art and entertainment venues. Some of the biggest attractions in Yonkers include the Untermyer Gardens, Hudson River Museum, Empire City Casino, Science Barge, and the Lenoir Preserve. Yonkers also has some of the best rated schools in the area, such as PEARLS Hawthorne School and Yonkers Middle High School. There’s even a thriving business environment here, that offers plenty of opportunity in a variety of industries.
The weather in Yonkers consists of humid summers and long, freezing winters. Temperatures during summer reach highs in the 80’s and lows in the 50’s. Winter temperatures reach highs in the 40’s and lows in the 20’s.
Population, Job Market & Cost of Living
The population in this city is 199,021, and currently has a declining rate of 0.16%. The job growth here has increased by 0.7% over the last year and in ten years, is predicted to have increased by 25.5%. Major industries here include health care and assistance, educational services and retail trade. The highest paying industries are Public Administration, Information, and Utilities. Some of the biggest companies here are Yonkers Contracting, Yonkers Public Schools, St. Johns Riverside Hospital, A & A Maintenance Enterprise, and Wallico Maintenance Group. The cost of living here is higher than the national average, and housing remains the biggest contributor to its cost. This means Yonkers is a fairly expensive place to live.
Despite its higher cost of living, Yonkers has much to offer its residents. Due to its scenic-city appeal, water-front views and strong employment opportunity, it will continue to appeal to those hoping to live in New York.