Buyers squeezed as Sullivan home prices top $300K

By RUBY RAYNER-HASELKORN
Posted 6/2/25

SULLIVAN COUNTY, NY — In the past, the price of a median home in Sullivan County has been lower than in neighboring counties. However, in the first quarter of 2025, the median sale price for a …

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Buyers squeezed as Sullivan home prices top $300K

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SULLIVAN COUNTY, NY — In the past, the price of a median home in Sullivan County has been lower than in neighboring counties. However, in the first quarter of 2025, the median sale price for a home in Sullivan County has surpassed $300,000, according to the nonprofit Patterns for Progress (PFP) report. 

The jump is proportionally the biggest year-over-year increase in median home price of any county in the Mid-Hudson area, according to PFP. See full report at www.pattern-for-progress.org/wp-content/uploads/2025/05/Housing-Q1-2025.pdf

That’s great news—if you’re a homeowner. For the growing number of non-homeowners, the steady rise in price moves homeownership further and further out of reach.

Already, median home prices were between about $30,599 to $134,199 higher than the maximum mortgage first-time homebuyers could qualify for in Sullivan, according to a 2024 PFP report. 

If first-time home buyers aren’t able to purchase a home, it leaves more individuals in rentals for longer, putting pressure on Sullivan’s rental market.

According to the report, between 2019 and 2025, the median sale price in Sullivan increased by 157.6 percent. 

Unlike some other counties in the area, which saw an increase in closed house sales for the first time since the pandemic, the number of closed house sales in Sullivan continued to decrease between 2024 and 2025 by five percent. 

Home inventory, which has decreased by over 70 percent in Sullivan since 2019, could be a contributing factor to lower sales.

Pattern for Progress, housing

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