Is Poughkeepsie, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Poughkeepsie was a Seller's Market.
Key Takeaway
Poughkeepsie is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Poughkeepsie, NY
How much do homes in Poughkeepsie, NY cost?
Median Sold Price
$369,940
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Poughkeepsie have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Poughkeepsie was $369,940 in May 2024, up 5.7% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137K | $140K | +2.2% |
| 2 Bedrooms | $260K | $288K | +10.8% |
| 3 Bedrooms | $351.5K | $365K | +3.8% |
| 4 Bedrooms | $419.9K | $450K | +7.2% |
| 5+ Bedrooms | $425K | $420K | -1.2% |
Summary: Poughkeepsie housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Highland | $350.5K | $376K | +7.3% |
| Poughkeepsie | $350K | $369.9K | +5.7% |
Housing Supply in Poughkeepsie, NY
How many homes are available in Poughkeepsie, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 315 | 341 | +8.3% |
Summary: The Poughkeepsie real estate market had 341 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 17 | -10.5% |
| 2 Bedrooms | 44 | 52 | +18.2% |
| 3 Bedrooms | 124 | 130 | +4.8% |
| 4 Bedrooms | 94 | 102 | +8.5% |
| 5+ Bedrooms | 34 | 40 | +17.6% |
Summary: The Poughkeepsie housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 58 | 46 | -20.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Poughkeepsie, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 46 homes were sold or pending in Poughkeepsie in May 2024, down by 20.7% month-over-month. Of the 46 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% were sold over asking.
Days on Market for Poughkeepsie, NY
How long does it take to sell a home in Poughkeepsie, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 70 Days | 48 Days | -32.3% |
Summary: Homes in Poughkeepsie had an average of 48 days on market in May 2024, down by 32.3% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Poughkeepsie are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 46 homes were sold in Poughkeepsie; 54% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. 
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.