Dutchess County NY January 2023 home sales
Analysis of Dutchess County NY Home sales in January 2023
An update for Dutchess County NY home sales in January 2023 showed single-family detached homes fell 30 percent, going from 185 in January 2022 to 128 this January.
Homes sold during the month ranged in price from $76000 to $1,410,000, built between 1790-2021 with square feet from 738 to 5,900.
There were 6 transactions over a million dollars, with prices ranging from $1,06,000 to $1,410,000.
Dutchess Home Sales in January 2023
Average and Median Prices for Detached Homes in January 2023
The average sale price of $474,386 this January was slightly higher the $474,185 at the same time last year.
This January, a median sale price of $400,000 rose 1.9 percent compared to $392,500 in January 2022.
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Inventory and Purchase Offers in January 2023
Inventory rose 31.3 percent this January to 441, compared to the same time last year when it was 336.
Purchase offers decreased by 25.2 percent going from 159 in January 2022 to 119 this January
The absorption rate (the time it would take to work off the present inventory) was 3.45 months this January compared to 1.81 months last January.
Days on market in January 2023
Homes sold were on the market an average of 75 days this January, down 11.8 percent from January 2022 when the days on market were 85 days.
Comparison Dutchess County Detached Home Sales for January 2023 to 2022
| Data | January 2022 | December 2022 | January 2023 |
| Average Price | $474,185 | $472,670 | $474,386 |
| Median Price | $392,500 | $390,000 | $400,000 |
| Number of Sales | 185 | 161 | 128 |
| Days on Market -DOM | 85 | 80 | 75 |
| Inventory | 336 | 484 | 441 |
| Purchase Offers | 159 | 115 | 119 |
| Absorption Rates | 1.81 months | 3.00 months | 3.45 months |
Sales of attached homes in January 2023
Dutchess County, NY home sales of attached homes in January 2023 (Coops, Condos, and townhouses) fell 31.0 percent when compared to January 2022. At that time there were 42 sales versus 29 this January.
The units sold ranged from $45,950 to $375,000. These were 1-to-3-bedroom units built between 1945 and 2006 with square feet from 600 to 1,898
Median and average prices for attached homes in January 2023
The attached homes average sale price of $247,598 in January fell 18.2 percent when compared to $302,626 recorded for the same time last year.
The median sale price of $250,450 fell 4.1 percent compared to the $261,250 recorded for January 2022
Attached Homes Inventory and Purchase offers for January 2023
Inventory rose 9.8 percent to 67 this January when compared to 61 for the same time last year.
Purchase offers at 17 this January fell 59.5 percent when compared to 42 purchase offers for the same time last year.
The absorption rate at 2.31 months this January was higher than the 1.45 months in January 2022 ( The time it would take to work off the present inventory).
Attached Homes Days on Market in January 2023 2022
Days on market at 55 fell 21.4 percent when compared to 70 days last January.
Comparison Dutchess County Attached Home Sales for January 2023 to 2022
| Data | January 2022 | December 2022 | January 2023 |
| Average Price | $302,626 | $294,458 | $247,598 |
| Median Price | $261,250 | $255,000 | $250,450 |
| Number of Sales | 42 | 40 | 29 |
| Days on Market -DOM | 70 | 68 | 55 |
| Inventory | 61 | 74 | 67 |
| Purchase Offers | 42 | 23 | 17 |
| Absorption Rates | 1.45 months | 1.85 months | 2.31 months |
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