Dutchess County attached and detached home sales in February 2022
Analysis of Dutchess County NY Home sales in February 2022
Dutchess County NY home sales in February 2022 of single-family detached homes fell 18.1 percent, going from 177 in February 2021 to 145 this February. Homes sold during the month ranged in price from $52,000 to $ 3,150,000 built between 1800 and 2021 with square feet from 480 to 5,200.
There were nine transactions over a million dollars, with prices ranging from $1,025,000 to $3,500,000.
Average and Median Prices for Detached Homes in February 2022
At $479,225 the average sale price rose 2.4 percent when compared to $468,132 at the same time last year.
A median price of $380,000 this February was up 1.3 percent over the same time last year when the median was $375,000
Inventory and Purchase Offers in February 2022
The inventory continues to decline, at 329 this February, it was down 52.2 percent when compared to an inventory of 688 in February 2021.
Purchase offers decreased by 39.4 percent going from 249 in February 2021 to 151 this February.
The absorption rate (the time it would take to work off the present inventory) was 2.27 months this February compared to 3.88 months last February
Days on Market during February 2022
Homes were on the market 70 days this February which was 16.7 percent fewer days when compared to 84 days in February 2021.
Comparison Dutchess County Detached Home Sales for February 2022 to 2021
Comparison Dutchess County Detached Home Sales for February 2022 to 2021
Sales of attached homes in February 2022
Data | February 2021 | January 2022 | February 2022 |
Avg. Price | $ 468,132 | $474,185 | $479,225 |
Median Price | $ 375,000 | $392,500 | $380,000 |
# of Sales | 177 | 185 | 145 |
Days on Market | 84 | 85 | 70 |
Inventory | 688 | 336 | 329 |
Purchase offer | 249 | 169 | 151 |
Absorption Rate | 3.88 | 1.81 | 2.27 |
Dutchess County NY Home sales in February 2022 for attached homes
Dutchess County NY homes sales in February 2022 for attached homes (Coops, Condos, and townhouses) fell 2.8 percent when compared to February 2021. At that time there were 36 sales versus 35 this February. The units sold ranged from $ 75,000 to $675,000.
These units were built between 1968 and 2021 with square feet of 560 to 2,663
Median and average prices of attached homes in February 2022
Attached homes average sale price of $271,940 up 6.2 percent compared to the $256,122 recorded in February 2021.
February’s median sale price of $222,000 fell 2.2 percent when compared to a median price of $227,000 at the same time last year.
Attached Homes Inventory and Purchase offer for February 2022
Inventory at 57 fell 61 percent this February when compared to the 146 for the same time last year.
Purchase offers at 28 this February was down 41.7 percent when compared to 48 purchase offers recorded last February.
The absorption rate at 1.62 months was down from 4.02 months in February 2021 ( The time it would take to work off the present inventory).
Attached Homes Days on Market in February 2022
Days on market at 66 fell 21.4 percent when compared to 84 days last February.
Comparison Dutchess County home sales of attached homes in February 2021 to 2022
Data | February 2021 | January 2022 | February 2022 |
Avg. Price | $256,122 | $302,628 | $271,940 |
Median Price | $227,000 | $261,250 | $222,000 |
# of Sales | 36 | 42 | 35 |
Days on Market | 84 | 70 | 66 |
Inventory | 146 | 61 | 57 |
Purchase offer | 48 | 42 | 28 |
Absorption Rate | 4.02 | 1.45 | 1.62 |
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