If you’re considering buying or selling a home in the Westchester County area, you might be wondering how property values in Bronxville, Tuckahoe, and Eastchester stack up against neighboring towns. These three communities—each with its own distinct charm and appeal—are all part of the larger New York metro area, but how do their real estate markets compare to nearby towns like Scarsdale, Yonkers, and New Rochelle?
In this blog, we’ll break down property values in these three sought-after towns and compare them to neighboring areas, highlighting what influences pricing and what you can expect when buying or selling a home in each.
Overview of Property Values in Bronxville, Tuckahoe, and Eastchester
Bronxville: A Premier Suburban Destination
Bronxville is one of the most prestigious and historically rich communities in Westchester County. Known for its small-town charm, top-rated schools, and easy commute to Manhattan, this village has long been a favorite among professionals, families, and those seeking an upscale suburban lifestyle.
- Median Home Price (2023): The median home price in Bronxville hovers around $1.5 million, though prices can vary widely depending on property size and proximity to the village center or train station. Homes closer to the train station or in desirable neighborhoods can easily surpass $3 million.
- Key Factors Driving Property Values:
- Proximity to Manhattan: Bronxville’s quick 28-minute train ride to Grand Central Terminal makes it a prime location for commuters, pushing up demand for housing.
- Top-Notch Schools: The Bronxville School District is one of the most highly regarded in the county, which contributes to the demand for homes in the area.
- Historic Charm and Architectural Style: With many pre-war homes and colonial-style properties, Bronxville boasts unique, older homes that are often hard to find elsewhere in the region.
Tuckahoe: A Growing Village with Strong Value Potential
Tuckahoe is a smaller, more affordable alternative to Bronxville, yet it shares many of the same benefits. While it may not carry the same luxury appeal as Bronxville, Tuckahoe is gaining traction with homebuyers thanks to its proximity to the Bronxville and Eastchester areas, as well as its own revitalization efforts.
- Median Home Price (2023): The median home price in Tuckahoe is approximately $700,000, making it a more budget-friendly option compared to Bronxville. However, newer construction homes or properties in more desirable neighborhoods may be priced higher.
- Key Factors Driving Property Values:
- Affordability: Tuckahoe’s more reasonable home prices make it an attractive option for first-time buyers and young families.
- Proximity to Bronxville and Eastchester: Tuckahoe offers easy access to the higher-end amenities and schools of both Bronxville and Eastchester, which boosts its overall appeal.
- Recent Development: The village has seen recent commercial and residential development, with new construction and condo projects that appeal to buyers seeking modern amenities.
Eastchester: A Family-Friendly Suburb with Solid Appreciation
Eastchester offers a mix of suburban comfort and city convenience, making it a popular choice for families and professionals. Known for its well-maintained homes and excellent school system, Eastchester sits right between Bronxville and Tuckahoe, making it a central location for those who want the best of both worlds.
- Median Home Price (2023): The median home price in Eastchester is around $900,000, though homes in highly desirable areas like Lake Isle or near the train station may exceed $1 million.
- Key Factors Driving Property Values:
- Strong School System: Eastchester’s public schools are highly rated, which is a significant driver of demand among families with children.
- Well-Connected: Eastchester has easy access to major roads (like the Hutchinson River Parkway) and public transportation, including the Metro-North train, which makes commuting to Manhattan convenient.
- Community Feel: With numerous parks, family-oriented amenities, and a strong sense of community, Eastchester is a sought-after town for suburban living.
How Do These Towns Compare to Neighboring Areas?
Scarsdale: A Higher Price Point
Scarsdale, just north of Bronxville, is another affluent community known for its luxury homes and prestigious school system. Scarsdale has long been a benchmark for high-end living in Westchester, and its real estate market is characterized by larger homes on expansive lots.
- Median Home Price: Scarsdale’s median home price is significantly higher, hovering around $1.8 million to $2 million in 2023.
- Key Differences:
- Larger Homes: Scarsdale tends to have larger homes and more spacious lots than Bronxville or Eastchester.
- Luxury Market: Scarsdale attracts wealthier buyers, which keeps its real estate market firmly in the luxury segment.
- Top Schools and Amenities: Like Bronxville, Scarsdale is known for its outstanding schools and its community of high-end amenities, contributing to its premium pricing.
Yonkers: More Affordable with Easy Access to NYC
Yonkers, directly to the south of Tuckahoe and Eastchester, offers a more urban experience while still providing suburban amenities. Known for its waterfront properties and growing revitalization, Yonkers provides a more affordable alternative for those who still want proximity to New York City.
- Median Home Price: Yonkers’ median home price is approximately $575,000, significantly lower than Bronxville, Scarsdale, and even Eastchester.
- Key Differences:
- Affordability: Yonkers is much more affordable compared to the other towns in this comparison.
- Urban Appeal: Yonkers has a more urban feel, with a mix of older homes, waterfront condos, and new developments. It’s an attractive option for buyers looking for city proximity at a lower cost.
- Growing Amenities: As Yonkers undergoes redevelopment, property values are rising, especially in neighborhoods close to the Hudson River waterfront and with views of Manhattan.
New Rochelle: A Strong Market with Diverse Options
New Rochelle, located just east of Bronxville, is a dynamic city with a wide range of property types, from luxury condos to single-family homes. Like Yonkers, it offers a mix of urban and suburban living.
- Median Home Price: New Rochelle’s median home price sits around $650,000 to $700,000, which is competitive with Tuckahoe and Eastchester.
- Key Differences:
- Diverse Housing Options: New Rochelle offers more diversity in terms of housing stock, including new condos, multi-family homes, and historic properties.
- Urban Convenience: With more urban amenities than Eastchester or Bronxville, New Rochelle attracts buyers looking for suburban living with city-style conveniences.
As you can see, property values in Bronxville, Tuckahoe, and Eastchester vary considerably, reflecting the unique characteristics of each town.
- Bronxville remains the most expensive of the three, attracting those who seek a prestigious, small-town atmosphere with easy access to Manhattan.
- Tuckahoe offers a more affordable alternative, making it an appealing option for first-time buyers or those looking for a more budget-friendly option without sacrificing proximity to the amenities of Bronxville and Eastchester.
- Eastchester sits comfortably in the middle, offering solid appreciation, family-friendly amenities, and easy access to transportation.
When comparing these towns to neighboring areas like Scarsdale, Yonkers, and New Rochelle, you’ll find that Bronxville, Scarsdale, and Eastchester tend to lean toward the higher end of the price spectrum, with New Rochelle and Yonkers offering more affordability and varied housing options.Ultimately, which town is right for you will depend on your budget, lifestyle, and preferences for community, schools, and commuting options. Whether you’re drawn to the luxury of Bronxville, the convenience of Eastchester, or the growing potential of Tuckahoe, Westchester offers something for every type of buyer.