Is Red Hook, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Red Hook has remained a Buyer's Market.
Key Takeaway
Red Hook is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Red Hook, NY
How much do homes in Red Hook, NY cost?
Median Sold Price
$1,708,000
$915/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Red Hook have sold for 18.7% less than they did a year ago.
Summary: The median home sold price in Red Hook was $1,708,000 in May 2024, down 18.7% from last year, and the median price per square foot was $915.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $862.5K | $925K | +7.2% |
| 2 Bedrooms | $1.1M | $1.5M | +27.2% |
| 3 Bedrooms | $2.1M | $1.7M | -22.1% |
| 4 Bedrooms | $3.7M | $2.2M | -40.8% |
| 5+ Bedrooms | $2.2M | $1.9M | -15.0% |
Summary: Red Hook housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 27.2%, 3 bedroom homes decreased by 22.1%, 4 bedroom homes decreased by 40.8%, and 5+ bedroom homes decreased by 15%.
Median Sold Price Compared To Nearby Neighborhoods
| South Brooklyn | $1.6M | $1.6M | +1.7% |
| Carroll Gardens | $2.1M | $1.8M | -12.7% |
| Red Hook | $2.1M | $1.7M | -18.7% |
Housing Supply in Red Hook, NY
How many homes are available in Red Hook, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 27 | -6.9% |
Summary: The Red Hook real estate market had 27 homes for sale in May 2024, a 6.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Red Hook housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Red Hook, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Red Hook in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Red Hook, NY
We’re sorry, we don't have information for this market at the moment
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