Is Dutchess County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Dutchess County was a Seller's Market.
Housing Prices in Dutchess County, NY
How much do homes in Dutchess County, NY cost?
Median Sold Price
$425,027
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Dutchess County was $425,027 in April 2024, up 6.7% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162.5K | $207.5K | +27.7% |
2 Bedrooms | $299.9K | $328K | +9.3% |
3 Bedrooms | $395K | $418.5K | +6.0% |
4 Bedrooms | $502.3K | $510K | +1.5% |
5+ Bedrooms | $530.9K | $500K | -5.8% |
Summary: Dutchess County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.7%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Counties
Litchfield County | $299.9K | $340K | +13.3% |
Ulster County | $372.1K | $413.4K | +11.1% |
Columbia County | $430K | $472K | +9.8% |
Dutchess County | $398.1K | $425K | +6.7% |
Putnam County | $450K | $479.2K | +6.5% |
Housing Supply in Dutchess County, NY
How many homes are available in Dutchess County, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
989 | 1,146 | +15.9% |
Summary: The Dutchess County real estate market had 1,146 homes for sale in April 2024, a 15.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 38 | 38 | 0.0% |
2 Bedrooms | 146 | 168 | +15.1% |
3 Bedrooms | 436 | 478 | +9.6% |
4 Bedrooms | 263 | 330 | +25.5% |
5+ Bedrooms | 106 | 132 | +24.5% |
Summary: The Dutchess County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes increased by 24.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
161 | 163 | +1.2% |
Asking Price vs. Sold Price
70 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
60 Homes Were Sold
Over Asking
Summary: A total of 163 homes were sold or pending in Dutchess County in April 2024, up by 1.2% month-over-month. Of the 163 sold homes, 43% were sold under asking, 20% were sold at asking, and 37% were sold over asking.
Days on Market for Dutchess County, NY
How long does it take to sell a home in Dutchess County, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
85 Days | 62 Days | -26.5% |
Summary: Homes in Dutchess County had an average of 62 days on market in Apr 2024, down by 26.5% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
60 Homes Were Sold
In 30 - 90 Days
40 Homes Were Sold
Over 90 Days
Summary: During April 2024, 163 homes were sold in Dutchess County; 39% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.