Dutchess County home sales fell in December 2022
Analysis of Dutchess County, NY Home sales in December 2022
An update for Dutchess County NY home sales in December showed single-family detached homes fell 24.8 percent, going from 214 in December 2021 to 161 this December.
Homes sold during the month ranged in price from $40,000 to $1,850,000, built between 1800-2022 with square feet from 836 to 11,500
There were 7 transactions over a million dollars, with prices ranging from $1,250,000 to $1,850,000
Dutchess Home Sales in December 2022
Average and Median Prices for Detached Homes in December 2022
The average sale price of $472,670 fell 0.8 percent this December when compared to $476,497 at the same time last year.
This December, a median sale price of $390,000 fell 2.5 percent compared to $400,000 in December 2021.
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Inventory and Purchase Offers in December 2022
Inventory rose 24.1 percent this December to 484, compared to the same time last year when it was 390.
Purchase offers decreased by 39.8 percent going from 191 in December 2021 to 115 this December.
The absorption rate (the time it would take to work off the present inventory) was 3.00 months this December compared to 1.82 months last December.
Days on market in December 2022
Homes sold were on the market an average of 80 days this December, up 17.6 percent from December 2021 when the days on market were 68 days.
Comparison Dutchess County Detached Home Sales for December 2022 to 2021
| Data | December 2021 | November 2022 | December 2022 |
| Average Price | $476,497 | $511,444 | $472,670 |
| Median Price | $400,000 | $418,000 | $390,000 |
| Number of Sales | 214 | 151 | 161 |
| Days on Market -DOM | 68 | 72 | 80 |
| Inventory | 390 | 585 | 484 |
| Purchase Offers | 191 | 130 | 115 |
| Absorption Rates | 1.82 months | 3.87 month | 3.00 months |
Sales of attached homes in December 2022
Dutchess County, NY home sales of attached homes in December 2022 (Coops, Condos, and townhouses) fell 11.1 percent when compared to December 2021. At that time there were 45 sales versus 40 this December.
The units sold ranged from $85,000 to $600,000. These were 1-to-3-bedroom units built between 1963 and 2022 with square feet from 800 to 2,313
Median and average prices for attached homes in December 2022
The attached home’s average sale price of $294,458 in December rose 3.8 percent when compared to $283,687 recorded for the same time last year.
The median sale price of $255,000 rose 4.1 percent compared to the $245,000 recorded for December 2021
Attached Homes Inventory and Purchase offers for December 2022
Inventory rose 21.3 percent to 74 this December when compared to 61 for the same time last year.
Purchase offers at 23 this December fell 11.5 percent when compared to 26 purchase offers for the same time last year.
The absorption rate at 1.85 months this December was higher than the 1.36 months in December 2021 ( The time it would take to work off the present inventory).
Attached Homes Days on Market in December 2022
Days on market at 68 fell 1.4 percent when compared to 69 days last December.
Comparison Dutchess County Attached Home Sales for December 2022 to 2021
| Data | December 2021 | November 2022 | December 2022 |
| Average Price | $283,687 | $283,713 | $294,458 |
| Median Price | $245,000 | $267,000 | $255,000 |
| Number of Sales | 45 | 32 | 40 |
| Days on Market -DOM | 69 | 64 | 68 |
| Inventory | 61 | 86 | 74 |
| Purchase Offers | 26 | 27 | 23 |
| Absorption Rates | 1.36 months | 2.69 months | 1.85 months |
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